Rail Traffic Posts Large Gains
- Posted by ToddSullivan
- on April 3rd, 2014
Total N. American rail traffic came in at 729k carloads last week vs 664k in 2013. This number is also impressive as it gets us back to near the year end high levels of 2013 which, if one glances at the chart below is not the typical pattern. We typically do not see levels approaching the previous high levels until much later in the year. Now, this could be catchup from delayed shipments due to weather over the last few weeks but I’m not convinced of that as we’ve not seen anything like this before. The data over the next few weeks will answer that question.
As I have in the past, I’ll post the oil shipments data:
While oil shipments continue to rise, they are in no way responsible for the overall strength we are seeing now. YOY oil by rail shipments are up 3k while total traffic was up over 60k. So, yes, it is helping but there is far more going on here. There was huge gains in both intermodal and metals shipments last week. This strength goes to core economic activity in the US.
To see more posts on any of the companies mentioned in this article, enter their stock ticker symbol in the search box.
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.
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 »
aapl acas ackman aig AN bac BAM BBI bgp BPO buffett CC CODi CRE davidson dow einhorn employment ETFC f fairx FNMA fnmas ggp hhc housing IGOI jcp jmba joe mbi mcd mgm MO oesx PM rail sbux seth klarman SHLD spg spy theory VIC xom
- Tuesday links: the secret of SEO | Abnormal Returns on The Private Economy is Doing Just Fine
- The Expansion and Employment | ValuePlays on Housing Thoughts & New Home Supply Sinks to 4.1mos
- Housing Bubble Hysteria: Facts Versus Ficton » CanuckPost.com on Why I Am Cautiously Optimistic About 2010 $$
- CRM Still Thinks -1 + -1 = 2 | ValuePlays on What Did CRM Buy in Buddy Media?? Increasing Losses and Cash Serious Flow Drain…
- Student Loans Won’t Kill Housing Recovery – ValueWalk | on Student Loans and Housing