“Rail traffic is taking a turn for the worse in recent weeks as the economy appears to be slowing even further into Q4. The latest reading on intermodal traffic came in at -1.1%. That brings the trailing 12 week average to 1.65%. The US economy appears to be just barely treading water at this point. This is also consistent with my latest update for Q4 GDP which is tracking at 1.1% (available via Orcam Investment Research).
Here’s more via the AAR: ”Comments »