Proof of an Economic Train Wreck?

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Includes: BNI, CNI, CP, CSX, DIA, GWR, KSU, NSC, PRRR, PWX, QQQ, RAIL, SPY, UNP
by: Wildebeest

Total carloads and intermodal rail freight data are plotted in the two charts below as 4 week moving averages. The improvement we're seeing needs to be viewed in the context of a trending increases in freight that occurs throughout the year through to October. The data certainly lacks the characteristics of a V shaped rebound. At this stage L shaped looks like a better letter to describe the economic path.

carloadsClick to enlarge

Click to enlarge

Disclosure: No positions