IF we enter a double dip, it will be the first time the US has ever done that with both increasing rail traffic and auto sales. Because of that, recession talked IMO, needs to be discounted even more especially given this data in conjunction with Sept auto sales coming in at 13.1M SAAR, GDP for Q2 being revised UP, ISM, ISI numbers still showing expansion and employment numbers grudgingly improving.
Total N. American rail traffic last week came in a 721K cars, up from 704K the week before and the highest levels since pre-Lehman 2008. In short, a GREAT number.
As for the “what” was shipped, auto shipments were the highest in over 2 years. Of the carriers, $CSX, $NSC, $BNI ($BRK.A), $KSU and $UNP all saw gains.
Here is the chart:
2 replies on “Rail Traffic Surges to 3 Year High”
[…] Rail traffic is surging. (ValuePlays) […]
[…] want.The AAR’s and my reading of this contrasts with Todd Sullivan’s characterization of rail traffic as surging:Total N. American rail traffic last week came in a 721K cars, up from 704K the week before and the […]