Rail Traffic Remains Elevated

By Todd Sullivan of Value Plays

Total N. American rail traffic rose to 705K last week from 701K the week before. Remember before we expected traffic to start to slide going into the holiday season. The fact it is staying above the 700k level (higher than the highs of 2010) is very positive for Q4 growth prospects. Note: we are only 1/3 through Q4 so we can’t simply say we’ll get 2%-3% Q4 growth but the signs are very positive.

Of the carriers, $CSX$NSC$BNI ($BRK.A), $KSU and $UNP all showed minor gains for the week. As for the “what” was hauled, grains and chemicals showed improvements while the other categories were only modestly changed.

Einhorn Tells Investors: Tesla Is Gaming S&P 500 Index Committee

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThe Federal Reserve has poured unprecedented levels of stimulus into the U.S. economy to deal with the pandemic, and most experts agree that inflation is just around the corner. David Einhorn has positioned his Greenlight Capital to benefit from inflation when it arrives. Q2 2020 hedge fund letters, conferences and more SORRY! This content is Read More

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