Double-Digit Increases for Rail Traffic Continue
From the Association of American Railroads, for the week ended May 22 from the comparable week in 2009.
1. U.S. railroads originated 288,114 carloads during the week ended May 22, an increase of 10.6% from the comparable week in 2009 (down 12.4% from 2008).
2. Intermodal traffic was up 12.7 % from last year (down 7.9% from 2008).
3. Container volume increased 14.4 % (down 0.7% from 2008) and trailer volume rose 3.9% (down 34.4% from 2008).
4. Carload volume on Eastern railroads was up 13.6% from last year (down 17.9% from 2008).
5. In the West, carload volume was up 8.6% from last year (down 8.1% from 2008).
6. Fifteen of 19 carload commodity groups were up from last year, led by a 100% jump in metallic ores, a 79.7% gain in metals, 59.7% increase in coke, and then motor vehicles and equipment (46.8%), waste and scrap materials (32.4%), grain (22.8%), crushed stone, sand and gravel (22%), lumber and wood products (16.7%), nonmetallic minerals (15%), stone, clay and glass products (11.2%), and primary forest products, 10.3 percent.
3 Comments:
Ahh, so the Oracle of Omaha was right after all
It is interesting that a notation is made comparing 2010 to 2008 statistics. 2008 was the last year that consumer debt was rising in the U.S. I hope that increasing statistics, such as rail traffic, are not based debt fueled consumerism that peaked in 2008.
Yes, the Oracle of Omaha was correct again with his purchase of Burlington Northern. When will Berkshire split 10:1 so that I could afford a few shares? Anybody know?
Buffet's play was said to be about getting coal, wheat, and other resources to the west coast for shipment to China.
Not sure how much that comes into play, but he's got a lot covered. Everywhere from the the Great Lakes down to the Gulf ports, connecting to the west coast ports.
Coming and going to Asia and South America.
http://www.bnsf.com/customers/where-can-i-ship/
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