US Rail Freight Gains Offset by Auto Sector Decline
Data from the Association of American Railroads indicates overall growth in U.S. rail freight during late July. Carload traffic increased by 7.1%, and intermodal traffic rose by 2.6%. Coal and metallic ores saw significant gains in freight volume, while motor vehicles and parts experienced a substantial decline, reflecting an uneven economic recovery. Year-to-date cumulative freight volume shows considerable growth. However, supply chain challenges persist, suggesting continued complexities in the movement of goods despite the positive freight data.
