Total N. American rail traffic was flat last week at 690K cars. What makes this # more impressive is it is of a 663k number last year AND last year’s number included 17k more coal shipments. See chart below:
ValueWalk's Raul Panganiban interviews Kirk Du Plessis, Founder and CEO of Option Alpha, and discuss Option Alpha and his general approach to investing. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors. Interview with Option Alpha's Kirk Du Plessis
As for the “what” was being carried, both chemicals and auto saw large YOY gains meaning the auto sector remains very strong (kinda of a no kidding after recent auto data but confirmation is always good) and for chemicals, think manufacturing.
I know there is the incessant talk out there of the US already in or entering a recession, somebody better tell rail shippers because I think they are clueless as to that based on their data….