The next month is crucial for this data point. Is this just a catch-up traffic from shutdown or a return of sustained economic activity.
“Davidson” submits:
The weekly data of rail loadings for Intermodal is reported at 1,295,960 but then stated as 1.4% below July 2019 levels. This does not quite match the historical data carried on the St Louis Fed FRED site and is likely to see some revision. Nonetheless, the trend is quite positive for economic recovery.
