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Rail Traffic Rises

Total N. American rail traffic came in last week at 696k cars. this number is up both week over week and YOY. The YOY raise is a small 2k cars on an absolute basis but if we account for the drop in coal which was 13k cars (due to natural gas prices $UNG), the YOY gains are better. It is still a bit early, post Sandy to hang too much definitive into these numbers. The post Sandy dip was ~50k cars that week so some of the subsequent weeks gains are some catch up and on the negative there are still some logistic issues shippers are dealing with that will subtract from totals. But, as the weeks go by those effects dissipate.

All that said, there isn’t anything negative in this weeks report as there is nothing here that suggests a slowdown in the general economy…

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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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