Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

By Land and By Sea: PART 2 - Norfolk Southern Reports An Amazing March

|Includes:Norfolk Southern Corporation (NSC)

    Norfolk Southern, in their conference call, gave strong evidence of a recovery (seekingalpha.com/article/201225-norfolk-...).  Total shipments were up 9% over first quarter last year.   Each of their business groups reached year high loadings except for automotive.  The numbers are starling:
        "...merchandise volume increased by 16% in the quarter, of that total, agricultural volume up 21% was our second highest quarter ever and was led by increased shipments of ethanol, up 23%, export grain up 5200 carloads or nearly 450% and fertilizers up 128%."
     However, the big story was March, which saw extraordinary growth, up 19% over last year, way beyond expected.  The conference call talks about it, but the full impact of the data isn't evident unless you look at the slides (www.nscorp.com/nscorphtml/pdf/1q-2010-al...): agriculture up 25%, metals up 31%, chemicals up 30%,  and intermodal up 24%.  
     The data shows a bullish market in agriculture, metals, and chemicals, boding well for the economy. 
    

Disclosure: no positions

Stocks: NSC