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No big change in rail trends this week as the growth continues. The year over year growth in intermodal came to 4% in the latest reading from AAR. This brings our 12 week moving average up to 3.9% which is the highest level in over 6 months. Overall, this indicator has trended very nicely with broader economic growth so if there's anything to glean from this narrow view here it's continued growth. I guess the government shutdown didn't stop the trains from working….

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Source: Rail Traffic Continues To Point Towards Economic Growth