Nothing too exciting in this week’s rail traffic update. Intermodal was up 1.1% which brings the 12 week moving average to 2.1%. AAR has more details:
“The Association of American Railroads (AAR) reported increased weekly rail traffic for the week ending July 6, 2013, with total U.S. weekly carloads of 247,896 carloads, up 2 percent compared with the same week last year. Intermodal volume for the week totaled 205,597 units, up 1.1 percent compared with the same week last year. Total U.S. traffic for the week was 453,493 carloads and intermodal units, up 1.6 percent compared with the same week last year.
Five of the 10 carload commodity groups posted increases compared with the same week in 2012, including petroleum and petroleum products, up 36.3 percent, and nonmetallic minerals and products, up 11.6 percent. Commodities showing a decrease compared with the same week last year included motor vehicles and parts, down 13.8 percent.
For the first 27 weeks of 2013, U.S. railroads reported cumulative volume of 7,465,261 carloads, down 1.4 percent from the same point last year, and 6,476,035 intermodal units, up 3.6 percent from last year. Total U.S. traffic for the first 27 weeks of 2013 was 13,941,296 carloads and intermodal units, up 0.9 percent from last year.”
Chart via Orcam Investment Research:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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