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.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.