US Rail Freight Decline Points to Economic Slowdown
Data from the Association of American Railroads shows that for the week ending August 26th, U.S. rail carloads and intermodal units both declined year-over-year. Carload traffic increased for motor vehicles & parts, petroleum products, and nonmetallic minerals, but decreased significantly for coal and grain. Cumulative data for the first 34 weeks of the year indicates a slight increase in carloads, but a notable decrease in intermodal volume. The decline in rail freight suggests a potential economic slowdown, requiring businesses to adapt and be flexible in their supply chain management.
