Rail traffic is now in its regular, post holiday, seasonal decline.
There will be an uptick in Q2 and Q3. Investors and traders should recognize that as an ordinary seasonal improvement. What will matter is whether the seasonal gains contain an above trend improvement from prior years — or if they are a substandard seasonal increase.
Traffic Trends of North American Rail Freight Traffic 2005 – 2009
click for ginormous chart
Chart courtesy of Railfax: Year End Summary, ASI/Transmatch
Hat tip Bill King
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