Week 8 of 2017 shows same week total rail traffic (from same week one year ago) insignificantly improved according to the Association of American Railroads (AAR) traffic data.

?

Analyst Opinion of the Rail Data

We review this data set to understand the economy. If coal and grain are removed from the analysis, rail over the last 6 months been declining around 5% – but this week shows -1.9 % (meaning that the predicitive economic elements declined from year-over-year). This week was relatively soft, and at this point – I would consider this an anomaly (or the usual holiday week mismatch.

The rolling averages were mixed this week.

This analysis is looking for clues in the rail data to show the direction of economic activity – and is not necessarily looking for clues of profitability of the railroads. The weekly data is fairly noisy, and the best way to view it is to look at the rolling averages (carloads and intermodal combined).

  Percent current rolling average is larger than the rolling average of one year ago Current quantities accelerating or decelerating Current rolling average accelerating or decelerating compared to the rolling average one year ago 4 week rolling average +4.2 % decelerating decelerating 13 week rolling average +3.6 % accelerating unchanged 52 week rolling average -4.1 % accelerating decelerating

A summary of the data from the AAR:

Print Friendly, PDF & Email

Related Posts