Rail Freight Continues to Show Signs of Recovery
WASHINGTON, D.C. - Mar. 11, 2010 - "Rail freight volume on U.S. railroads is continuing to show some signs of recovery, with both carload freight and intermodal traffic during the week ended March 6 registering gains from last year," the Association of American Railroads reported yesterday. Highlights include:
1. U.S. railroads originated 285,160 carloads during the week, up 3.7% from the comparable week in 2009.
2. Intermodal traffic totaled 212,296 trailers and containers, up 17.9% from last year and up 2.9% compared with 2008.
3. Compared with the same week in 2009, container volume increased 22.6% and trailer volume slipped 3.2%.
4. Compared with the same week in 2008, container volume was up 15.3% while trailer volume fell 36.2%.
5. Total volume for the week was estimated at 31.1 billion ton-miles, up 5.1% from last year.
4 Comments:
Believe it. I have high traffic international airport & high traffic rail-line in my neighborhood. I can hear the increased traffic. Do you think that railroad has put on extra trains to handle the extra box-car passengers?
"
unemployment rate for young Iraq and Afghanistan veterans was 21.1 percent last year.
That's well above the 16.6 percent jobless rate for non-veterans of the same ages
"
~~WWW~
Warren Buffett certainly predicted this with Berkshire Hathaway's $26.9 billion purchase of Burlington Northern Santa Fe Corp in February.
Trailer traffic down and rail traffic up. You know about FedEx but how about Railex? This company is transforming the pershible RR freight business like therefrigerator box cars did 100 years ago.
Buffett is smart. He also calls derivatives "financial weapons of mass destruction."
And we have the same financial system that collapsed two years ago under Bush's Administration.
Caveat Emptor, investors.
Post a Comment
<< Home