Rail Traffic Continues to Slump

“April rail trends finished with a whimper as intermodal rail traffic came in at 1.6% on a year over year basis.  This continues a series of weakening data points as the Q2 period begins.  After a very healthy 3 month average reading of 5.3% in Q1, the second quarter is off to a very sluggish start with a 0.38% average reading.  The most recent reading brings the 12 week trailing average to 3.54% which is the weakest reading since January.

Here’s more from AAR…”

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