Thursday, April 07, 2011

Recovery Watch: Rail,Temp Help, Air Traffic All Up

1. The American Association of Railroads reported today that U.S. railroads originated 305,905 carloads for the week ending April 2, which was an increase of 5.7% from the comparable week last year, and is the highest level for carload rail traffic since late 2008 (see chart above).  Intermodal rail containers increased to 234,208 trailers and containers last week, which was 19.4% above the same week last year.   

2. The American Staffing Association Staffing Index reached the highest level so far this year of 92 for the week ending March 27, which is a 9.5% annual gain vs. the same week in 2010, and a 26.4% gain compared to 2009. 

3. The International Air Transport Association reported annual increases for international traffic during the month of February: 6.0% for passenger traffic compared to last year, and 2.3% for cargo volume.

4. Traffic at Dulles Airport increased in February for both passenger traffic (+13.6%) and freight traffic (+4.4%), and traffic at Reagan Airport increased by 22.2% for passengers and 11.1% for cargo. 

4 Comments:

At 4/08/2011 7:53 AM, Blogger morganovich said...

and mall occupancy at new lows:

http://www.calculatedriskblog.com/2011/04/reis-mall-vacancy-rates-increase-in-q1.html

vacancies up 80% from 2007 and rising.

 
At 4/08/2011 10:02 AM, Blogger Buddy R Pacifico said...

"and mall occupancy at new lows..."

but Retail is showing:
"surprising strength".

retail sales up 1.7% in march, with 80% of retailers beating expected sales.

 
At 4/08/2011 10:35 AM, Blogger morganovich said...

buddy-

that is not strength.

retail sales up 1.7%, cpi up 2.1, mit BPP up 3.2% yoy (and accelerating massively since jan 1)

that means retail is contracting in real terms.

the only thing that is surprising is that that is being called strength.

also keep in mind that gas stations are included in the retail numbers and gasoline prices are up over 30% year on year.

 
At 4/08/2011 4:29 PM, Blogger Dr. T said...

"Traffic at Dulles Airport increased in February... and traffic at Reagan Airport increased..."

Naturally. The lobbyists, lawyers, and leeches keep jetting into Washington to get pork projects, earmarks, ObamaCare waivers, anti-competitive regulation changes, "green" energy grants, etc.

 

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