Comments on: RAIL TRAFFIC DOWN 17.9% YEAR OVER YEAR http://pragcap.com/rail-traffic-down-179-year-over-year Sun, 12 Feb 2012 11:38:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: gregg http://pragcap.com/rail-traffic-down-179-year-over-year/comment-page-1#comment-3836 gregg Thu, 30 Jul 2009 22:30:55 +0000 http://pragcap.com/?p=6959#comment-3836 On the same theme, did you see YRC (symbol YRCW) results: "Reports Q2 (Jun) loss of $3.53 per share, $1.82 worse than the First Call consensus of ($1.71); revenues fell 44.6% year/year to $1.33 bln vs the $1.59 bln consensus." http://finance.yahoo.com/news/YRC-Worldwide-posts-huge-2Q-apf-2258278872.html?x=0&.v=13 On the same theme, did you see YRC (symbol YRCW) results:

“Reports Q2 (Jun) loss of $3.53 per share, $1.82 worse than the First Call consensus of ($1.71); revenues fell 44.6% year/year to $1.33 bln vs the $1.59 bln consensus.”

http://finance.yahoo.com/news/YRC-Worldwide-posts-huge-2Q-apf-2258278872.html?x=0&.v=13

]]> By: TPC http://pragcap.com/rail-traffic-down-179-year-over-year/comment-page-1#comment-3831 TPC Thu, 30 Jul 2009 20:03:29 +0000 http://pragcap.com/?p=6959#comment-3831 Not to mention the ATA reported record setting declines in air cargo traffic. The transports have always led us out of recessions. I don't see why it will be different this time.... Not to mention the ATA reported record setting declines in air cargo traffic. The transports have always led us out of recessions. I don’t see why it will be different this time….

]]> By: TPC http://pragcap.com/rail-traffic-down-179-year-over-year/comment-page-1#comment-3829 TPC Thu, 30 Jul 2009 19:43:12 +0000 http://pragcap.com/?p=6959#comment-3829 Carloads do not clearly represent the economy in my opinion. They are too skewed by the commodities. Intermodal is a better gauge of consumers and the real economy. The weekly numbers are all over the place. If -18% compared to last year looks like improvement to you then I guess we'll just have to agree to disagree. -18% this long into a recession is a staggering number. Any bits of hope are meager at best in the rail data and it's important that comps are becoming much easier as we move into the latter portion of the year. The trucking data also rhymes with my rail data. Carloads do not clearly represent the economy in my opinion. They are too skewed by the commodities. Intermodal is a better gauge of consumers and the real economy.

The weekly numbers are all over the place. If -18% compared to last year looks like improvement to you then I guess we’ll just have to agree to disagree. -18% this long into a recession is a staggering number. Any bits of hope are meager at best in the rail data and it’s important that comps are becoming much easier as we move into the latter portion of the year.

The trucking data also rhymes with my rail data.

]]> By: Denis Ouellet http://pragcap.com/rail-traffic-down-179-year-over-year/comment-page-1#comment-3828 Denis Ouellet Thu, 30 Jul 2009 19:29:52 +0000 http://pragcap.com/?p=6959#comment-3828 I look at the weekly trends and things are indeed looking up. Total weekly carloads and the 4-week moving average rose to their highest levels since March and, significantly, weekly intermodal traffic reached its highest level since January. See my chart at http://www.news-to-use.com/2009/07/us-rail-carloads-up-strongly-last-week.html I look at the weekly trends and things are indeed looking up. Total weekly carloads and the 4-week moving average rose to their highest levels since March and, significantly, weekly intermodal traffic reached its highest level since January. See my chart at http://www.news-to-use.com/2009/07/us-rail-carloads-up-strongly-last-week.html

]]> By: TPC http://pragcap.com/rail-traffic-down-179-year-over-year/comment-page-1#comment-3824 TPC Thu, 30 Jul 2009 18:18:20 +0000 http://pragcap.com/?p=6959#comment-3824 I prefer to use intermodal because it translates to the consumer better. The recent stockpiling in China has skewed all the commodity data. Thanks for the compliments! I prefer to use intermodal because it translates to the consumer better. The recent stockpiling in China has skewed all the commodity data. Thanks for the compliments!

]]> By: dorky http://pragcap.com/rail-traffic-down-179-year-over-year/comment-page-1#comment-3822 dorky Thu, 30 Jul 2009 18:09:21 +0000 http://pragcap.com/?p=6959#comment-3822 Love your blog. Read it all the time. It looks to me like the trend in carloadings is better than it looks. Coal is a big part, but the lack of cooling days this summer is not letting that improve too much. OTOH, if you take out coal, there is a clear upward trend. Hope it continues! Love your blog. Read it all the time.

It looks to me like the trend in carloadings is better than it looks. Coal is a big part, but the lack of cooling days this summer is not letting that improve too much. OTOH, if you take out coal, there is a clear upward trend. Hope it continues!

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