Pragmatic Capitalism shows how growth in U.S. rail traffic, as reported by the Association of American Railroads (AAR), has begun to slow. ‘Total freight traffic [rose] 10.6% to 288,114 carloads. Intermodal traffic jumped 12.7% to 215,118.’
The rebound is slowing, which lines up well with an expected slow-down in U.S.GDP growth as we head into the second half of 2010. The difficult year over year comparisons will come starting in Q3.