Weekly Rail Traffic Continues to Improve, Container Volume Sets a New All-Time Record High
"The Association of American Railroads (AAR) today reported solid gains in weekly rail traffic (see chart above), with U.S. railroads posting the highest intermodal volume for 2010 and the highest container count on record. For the week ending Sept. 18, 2010, intermodal traffic on U.S. railroads totaled 240,013 trailers and containers, up 16.9 percent from the same week in 2009, and up 2.4 percent compared with 2008. Container volume last week increased 18.8 percent compared with 2009, and rose 11.4 percent compared with 2008. Trailer volume last week rose 6.5 percent compared with 2009, but dropped 30.8 percent compared with 2008.
U.S. railroads originated 304,679 carloads for the week, up 8.1 percent compared with the same week in 2009, but down 2.4 percent from the same week in 2008. In order to offer a complete picture of the progress in rail traffic, AAR reports 2010 weekly rail traffic with comparison weeks in both 2009 and 2008."
MP: To quote Brian Wesbury and Bob Stein from their report yesterday on the positive news about housing starts in August, the ongoing increases in weekly rail traffic are "Another dagger to the heart of the case for a double dip recession."