The latest data on rail traffic continues to show an upward trajectory though recovery is still showing signs of being weak. The AAR reports that US railroads originated 268K carloads up 1.4% versus 2009 and off 14.7% from 2008. Intermodal traffic rose 5.1% from 2008 and declined 10.7% from 2008.
Breadth continued to improve as 14 of the 19 commodity groups are now reporting year over year gains. Metals, nonmetallic minerals, farm products and motor vehicles all reported double digit gains.
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