5/17/16

More signs of a weak economy



Total carloads for the week ending May. 7 were 233,047 carloads, down 14.8 percent compared with the same week in 2015, while U.S. weekly intermodal volume was 259,876 containers and trailers, down 6.4 percent compared to 2015.
For the first 18 weeks of 2016, U.S. railroads reported cumulative volume of 4,320,667 carloads, down 14.3 percent from the same point last year; and 4,628,008 intermodal units, down 1.1 percent from last year. Total combined U.S. traffic for the first 18 weeks of 2016 was 8,948,675 carloads and intermodal units, a decrease of 8 percent compared to last year.
The transportation industry - a very important sector of the economy - is saying business is contracting. 2016 is going to be a difficult year for the economy according to these data.

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George Dagnino, PhD
Since 1977 
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