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Rail Traffic Trends Hanging Strong Despite Oil Collapse

Oil prices are collapsing, but trends in rail traffic are hanging in there.  The latest weekly reading on rail traffic came in at 4.5% on a year over year basis and brought the 12 week moving average down to 3.6%.  That’s the lowest reading since March of this year, but still solidly growing.  It will be interesting to see how things pan out in the coming weeks/months, but for now this indicator appears to be hanging in there.