AAR: August Rail Carloads down 4.6% YoY, Intermodal Down 5.4% YoY

From the Association of American Railroads (AAR) Rail Time Indicators . Graphs and excerpts reprinted with permission . It seems clear that U.S. railroads are facing a freight recession . Total originated U.S. rail carloads fell 4.6% in August 2019 from August 2018 , their seventh straight year-over-year decline. The average decline over those seven months was 4.2%, a not-insignificant amount. Meanwhile, U.S. intermodal volume fell 5.4% in August, also the seventh straight monthly decline . … Why? The parts of the economy that generate much of the freight that railroads carry - manufacturing......(read more)

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