Weekly Rail Traffic - Comparison 2010, 2009, 2008

Sunday, April 11. 2010

Posted by Jim Lindell in Economy at 07:06 | Comments (0) | Trackbacks (0)

Weekly Rail Traffic - Comparison 2010, 2009, 2008

AAR.ORG Weekly Rail Charts #13 2010,2009,2008

The good news is that rail traffic is beginning to rebound. The bad news is that everyone is comparing to 2009 which was an abysmal year. In the attached image (based on the reports from the AAR.ORG), note the underlined columns in red. When you compare 2010 to 2009, the increase is obvious. However, compare 2010 to 2008 and there is still a significant decrease from the 2008 levels. With unemployment expected to get worse, it will be difficult for us to have a sustained recovery. There is also a strong probability that credit tightening will further dampen recovery efforts (let alone the inevitable tax increases).

(c) 2010 Jim Lindell

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