The trend in rail traffic remains up, but is still showing signs of a weak recovery. In their latest report the AAR is reporting total carloads of 277K, up 3.9% year over year and down 11.1% compared to 2008. Intermodal traffic traffic was up 2.9%, but declined 4.4% compared to 2008. Breadth of the data continues to improve as 13 of the 19 commodity groups showed improvement. All in all, the data is fairly positive, but continues to show a weak rebound.