A few days ago we looked at June rail traffic which showed a decline. Well the Association of American Railroads has just released their weekly report on US railroad carloads. The news was not positive with a 3.5% decline year over year for the current week ending July 10. The weak report was blamed on reduced shipments of coal, chemicals, and scrap materials. Eastern railroads were particularly hard hit reporting a decline in traffic of 5.7%. The AAR noted that the 4th of July holiday did not have an impact on results. While the the rail numbers were not very encouraging, intermodal shipments (trailers and containers) did increase 9.1% to 192,954 year over year.
Black Swan Insights