Latest Rail Data Shows HUGE Rebound In Activity

chart

The latest from the Association of American Railroads indicates a big pickup in train activity, a sure sign that the real economy matches what markets have been doing.

Here’s a breakdown of year-over-year rail volume activity by various industries:

  • Petroleum products up 51%.
  • Chemicals up 42%.
  • Motor Vehicles & Parts up 51%.
  • Lumber (a housing tell) lagging with just a gain of 3.4%.
  • Grain up 8%.

Anyway, we’re sure Warren Buffett, owner of Burlington Northern, is smiling.

The full report is embedded below.

Rail Time Indicators May 2010

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.