Tuesday, July 7, 2009

Railroads: Economic Insight

The Association of American Railroads reported that:

- Carloads dropped 19.7% from June '08 - June '09

- Intermodal traffic (flatcars) dropped 18.2% from June '08 - June '09

- 1st half of 2009 traffic down 19.5% and 17.0% respectively

- Largest percentage declines experienced by motor vehicles & equipment and metals & metal products

- Canadian traffic suffered comparable declines

On a related note:

Greenbrier Reports Fiscal 3rd Quarter Loss

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20090707&ID=10122391&Symbol=GBX

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