Recovery Watch: Rail, Temp Help, Air Traffic All Up

by: Mark J. Perry

1. The American Association of Railroads reported yesterday that U.S. railroads originated 305,905 carloads for the week ending April 2, which was an increase of 5.7% from the comparable week last year, and is the highest level for carload rail traffic since late 2008 (see chart above, click to enlarge). Intermodal rail containers increased to 234,208 trailers and containers last week, which was 19.4% above the same week last year.

2. The American Staffing Association Staffing Index reached the highest level so far this year of 92 for the week ending March 27, which is a 9.5% annual gain vs. the same week in 2010, and a 26.4% gain compared to 2009.

3. The International Air Transport Association reported annual increases for international traffic during the month of February: 6.0% for passenger traffic compared to last year, and 2.3% for cargo volume.
4. Traffic at Dulles Airport increased in February for both passenger traffic (+13.6%) and freight traffic (+4.4%), and traffic at Reagan Airport increased by 22.2% for passengers and 11.1% for cargo.