Skip to comments.After Several Months Of Gains, Rail Traffic Softens In May
Posted on 06/07/2010 2:44:42 PM PDT by blam
After Several Months Of Gains, Rail Traffic Softens In May
Jun. 7, 2010, 5:00 PM
From the Association of American Railroads: Rail Time Indicators. The AAR reports traffic in May 2010 was up 15.8% compared to May 2009 - and traffic was still 11.8% lower than in May 2008.
Click on graph for larger image in new window.
This graph shows U.S. average weekly rail carloads. Traffic increased in 18 of 19 major commodity categories YoY.
U.S. freight railroads originated 1,153,675 carloads in May 2010, an average of 288,419 carloads per week. Thats up 15.8% from May 2009 (which is the second highest percentage gain ever, behind April 2010 see chart ...) but down 11.8% from May 2008.
U.S. railroads averaged 294,758 carloads per week in April 2010 and 288,793 in March 2010. Thus, May 2010s average was actually down slightly from those months ... One month does not a trend make, but it would obviously be worrisome if the decline continued.
Rail Traffic Softens in May Consumer Credit increases slightly in April Impact of Decennial Census on Unemployment Rate Tim Duy: Lost Chance for Global Rebalancing Sunday Night Futures As was the case in April 2010, the big year-over-year percentage gains in May 2010 U.S. rail traffic were partly a function of easy comparisons (May 2009 was a miserable month for rail traffic) and partly a function of real traffic growth.
For the purposes of AAR rail traffic data, May 2010 consists of the four weeks ending May 29 i.e., it does not include Memorial Day, which was May 31 this year. However, the May 2009 and May 2008
This guest post previously appeared at the author's blog, Calculated Risk >
(Excerpt) Read more at businessinsider.com ...
Rail is lower. Trucking is looking up a little due to the season (agricultural loads and highway repairs).
I was wondering how we were going to have a down turn in the economy in the 2nd half with these shipping numbers still high.
Trucking may also be a bit higher because fuel prices are lower in recent weeks. Higher fuel prices give railroads a competitive advantage over trucking for loads that can be moved via either mode over longer distances.