Rail shipping: 9/26/2009, week 39
YR TO DATE -18.7% -18.1%
CURRENT WEEK -18.7% -16.2%
4 WK ROLLING AVE. -14.0% -17.2%
Please compare these with week 36 below: a little better but still negative by huge amounts. Cumulative YR to date data is still declining: -19.8% vs. -18.1% over the last two weeks. This is still a very bad sign for the economy in general and Christmas in particular. There is nothing good in these figures except rail traffic in chemicals. Maybe we should all take a bath is sulfuric acid.
From previous post:The cumulative Week 36, YOY rail figures have move down from -17.1%, the last weekly decline to –19.8% adding another almost 3% to the deterioration. Cumulative traffic decline is flat at -18.4%. Remember the cash for clunkers stimulus program should have effected these figures. It did not. There can’t be a real GDP recovery without rail traffic and rail traffic figures should be increasing.