Thursday, May 21, 2009

Railroad Data - Where are the Green Shoots?

If green shoots are indeed sprouting up in the US economy, they certainly aren't showing up in the weekly carload data reported by the Assocation of American Railroads. As suggested in the chart below, carloads are down approximately 25% for each of the last 5 weeks, with declines most severe in heavy metals and scrap (~40-60% declines).

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