Rail Traffic Continues To Grow In The Wake Of Hurricane Sandy

Rail Traffic Continues To Grow In The Wake Of Hurricane Sandy
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Rail Traffic Continues To Grow In The Wake Of Hurricane Sandy

Total N. American rail traffic came in at 702k cars last week maintaining current levels for the past 4 weeks (not an unusual pattern). This report is pre-Sandy, so I would expect the numbers for the next few weeks to be wholly inaccurate for YOY comps. Again, if we adjust for the decrease in coal traffic, we have YOY growth in volumes. I have not heard reports on rail conditions yet, but given the widespread flooding we have seen, I think it is more than likely that we have some damage out there and that it will effect volumes over the next few weeks. Even road or warehouse damage at ports will affect rail traffic. More when I hear anything

That being said, last week’s #’s do show an economy that continues to grow, albeit at a slow pace. This is backed by today’s ISM report and initial claims numbers.

Odey Falls -2.5% In Q2, Bets On Economic Recovery

activist short selling Investing investThe LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy Read More

Here is the chart:
Capture647 575x420 Rail Traffic Remains Elevated

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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