$$ Rail Traffic Rebounds
- Posted by ToddSullivan
- on November 18th, 2010
Total N. American rail traffic rebounded last week from 665k to 678k. Mexico and Canada were essentially unchanged so the gains came from US rails. Metals and grains had the largest % increases in volume while other area were either flat or up slightly.
What does it mean? We are not seeing a slowdown in any area. YOY volumes remain ~50k railcars above last years levels on a weekly basis heading into the Holiday season.
Again, beginning next week expect extreme volatility in results and for the 4 week averages to decline going into the end of the year.
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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Todd's investing strategy is essentially long with the rare short. He seeks to buy undervalued issues with an upcoming catalyst that will help them realized.... More »
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