Rail Traffic Rebounds Again

Rail Traffic Rebounds Again
<a href="https://pixabay.com/users/Fotoworkshop4You/">Fotoworkshop4You</a> / Pixabay

Rail Traffic Rebounds Again

Total N. American rail traffic surged to 694K cars last week (~20K over ’11 numbers) as traffic made a large rebound over the Memorial Day holiday week. Auto’s were particularly strong posting their strongest data in two months and are back to near year high levels.

Here is the chart:
Capture558 Rail Traffic Rebounds

This Hedge Fund Believes The New Real Estate Cycle Is “Well Underway”

REITChilton Capital's REIT Composite was up 6.1% last month, compared to the MSCI U.S. REIT Index, which gained 4.4%. Year to date, Chilton is up 6.3% net and 6.5% gross, compared to the index's 8.8% return. The firm met virtually with almost 40 real estate investment trusts last month and released the highlights of those Read More

For a few months we have also been tracking coal data for the rails as the massive switch from coal to natural gas in late ’11 has been skewing the overall rail numbers for ’12 lower and giving the impression economic activity as represented by rail traffic was lower than it actually was. If we simply held coal traffic at ’11 numbers current levels would reach near the ’11 high levels (end of year) and be materially higher than Spring ’11.

Here is the chart:
Capture1192 Rail Traffic Rebounds

Bottom line is that these number continue to support the thesis of continued economic growth in the US

By: valueplays

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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