U.S. carloads outrun economic growth
Written by Stuart Chirls, Senior Editor
The Association of American Railroads said U.S. rail traffic for the week ending May 26 was 565,502 carloads and intermodal units, up 4.4% compared with the same week in 2017.
Commodities are closely watched indicators of the economy, which grew by 2.8% in April. Recent corporate earnings pointed to higher costs driven by more expensive goods, labor and fuel and, coming on a number of interest rake hikes for the Federal Reserve, and an overheated economy could presage an uptick in inflation.
Traffic totaled 273,226 carloads, up 3%, while U.S. intermodal volume was 292,276 containers and trailers, up 5.8% compared to 2017.
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