Rail data has been all over the map in recent weeks most likely due to seasonal discrepancies. This week’s data settled back towards the 10 week trend with carloads up 1.6% and intermodal traffic up 3%. This is slightly below the 10 week moving average of 5.2%. This is, in my opinion, still consistent with a modestly growing economy and not at all indicative of recession. AAR has the details on this week’s results:
http://pragcap.com/rail-traffic-settles-back-into-trendline-growth
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