Rail Traffic Sitting Comfortably Above ’11 Levels

Rail Traffic Sitting Comfortably Above ’11 Levels

Rail Traffic Sitting Comfortably Above ’11 Levels

Total N. American rail traffic came in at 665k cars last week. Interesting was auto, which is now back to near the 2011 high levels (which would be 3 yr. highs) and has rebounded unusually hard from the Holiday lows.

The level itself remains elevated over 2011 showing more growth.

Mohnish Pabrai On Value Investing, Missed Opportunities and Autobiographies

Mohnish PabraiIn August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More

Of the carriers, ($NSC$KSU$BNI$UNP$CSX) all posted increases while $KSU’s was in % terms the largest.

Here is the chart.

Updated on

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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