Tuesday, September 22, 2009

Weekly US Railroad Carloading Decline Accelerates, Hits 1993 Levels

From Zero Hedge;
The latest data out of the Association of American Railroads has been released. While a month ago the weekly YoY decline hit a very troublesome -17.1%, the last weekly decline added another almost 3% to the deterioration, and is now down -19.8% for Week 36. Cumulative traffic decline is flat at -18.4%. Including intermodal traffic or ton-miles in the calculation does nothing to improve the conclusion. Not a single "carload originated" category has improved, and in fact even the relatively stable ones from the prior update have slumped.




I have had anecdotal confirmation of this data from a "train builder".

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