“No big changes in this data. Rail traffic continues to expand modestly. This week’s data from AAR showed a continuing decline in carloads, but an increase in intermodal. We track intermodal as it has proven to be a better leading indicator of economic growth. The 3 month moving average in intermodal now sits at 3.5% – Well below the 2010 double digit readings, but not contracting. The AAR has more on this week’s data:”
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