“The latest rail data from the AAR showed another weak year over year reading at just 0.2%. This brings the 12 week moving average down to 5.25% from a recent high of 6.75% and is likely to slow substantially from here. Looking at the recent data and current trend it would not be surprising to see ~3% readings in this data by the time May rolls around.
For now, the data is still consistent with a growing economy, but it will be interesting to see how this data pans out as the summer rolls around. We’ve now had 4 consecutive weeks of negative average readings so hopefully this is not a developing trend.
The AAR has more details: …”
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