Rail Traffic Continues to Point Towards Economic Growth

No big change in rail trends this week as the growth continues.  The year over year growth in intermodal came to 4% in the latest reading from AAR.  This brings our 12 week moving average up to 3.9% which is the highest level in over 6 months.  Overall, this indicator has trended very nicely with broader economic growth so if there’s anything to glean from this narrow view here it’s continued growth.  I guess the government shutdown didn’t stop the trains from working….

rails

Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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