“Despite cratering commodities and a weakening globaleconomy domestic rail traffic continues to show signs of strength. Carloads were down -2.5% on a year over year basis, but intermodal jumped 5.2%. The 10 week moving average for intermodal is now at 4.2%, it’s highest rate since February. AAR has the details on this week’s data:
If you enjoy the content at iBankCoin, please follow us on Twitter“The Association of American Railroads (AAR) today reported mixed weekly rail traffic for the week ending June 16, 2012, with U.S. railroads originating 287,036 carloads, down 2.5 percent compared with the same week last year. Intermodal volume for the week totaled 249,975 trailers and containers, up 5.2 percent compared with the same week last year.”
When are they gonna start shipping nat gas via rail?