| 1. From the American Association of Railroad's weekly report on rail traffic: Lumber shipments were up by 19.8% vs. the same week last year (+12.2% YTD), petroleum products by 44.4% (+40.2% YTD), and motor vehicles and equipment by 19.2% (+21.4%). Conclusion: Housing, oil, and cars are booming. We ought to see another mostly false jump in rail soon, due to the barge traffic issues on the Mississippi.My tracking of AAR shows total rail traffic as of the most recent week isn't even up 1% over the prior year. |
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