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Rail Traffic Keeps on Chugging Along

Intermodal rail traffic posted a 5.4% gain in the most recent week bringing the 12 week moving average down to 6.1%.  That is a strong reading, but also a 3 month low.  The rate of change is clearly on the decline, however, it remains at levels that are still consistent with economic growth.

Cumulative volume of carloads is up 3.7% relative to the same period last year.  All in all, rail traffic continues to be a harbinger of a moderately strong economy.

rails

Source: AAR

 

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