Rail traffic is just one of many real-time indicators providing us with a clear picture of the NON-RECESSIONARY United States economy. This week’s data showed a solid 4% increase in intermodal traffic. That brings our 12 week moving average to 6.4%. Not bad.
The AAR has more details:
“AAR reported mixed rail traffic for the week ending March 9, 2013, with total U.S. weekly carloads of 276,698 carloads, down 0.9 per cent compared with the same week last year. Intermodal volume for the week totaled 235,174 units, up 4 per cent compared with the same week last year. Total U.S. traffic for the week was 511,872 carloads and intermodal units, up 1.3 per cent compared with the same week last year.
Four of the 10 carload commodity groups posted increases compared with the same week in 2012, led by petroleum products, up 46.5 per cent. Commodities showing a decrease were led by grain, down 16.5 per cent.
For the first 10 weeks of 2013, U.S. railroads reported cumulative volume of 2,730,145 carloads, down 3.7 per cent from the same point last year, and 2,386,882 intermodal units, up 7.2 per cent from last year. Total U.S. traffic for the first 10 weeks of 2013 was 5,117,027 carloads and intermodal units, up 1.1 per cent from last year.”
Chart via Orcam Investment Research:
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.