U.S. Rail Traffic Up in March… First Gain in Two Years

The Association of American Railroads publishes an excellent monthly compendium of economic data called Rail Time Indicators. I’ve been meaning to mention it for months.

The latest edition reports another sign of economic recovery: March freight rail traffic recorded its first year-over-year gain in almost two years:

A second chart shows just how much freight activity declined in the fall of 2008 and how far it still has to go to recover (watch out for the truncated y-axis, though):

The report slices and dices these data in all sorts of interesting ways, e.g., by product (coal, chemicals, etc.). Highly recommended for macro data lovers.

P.S. Calculated Risk provides further excerpts on the report.

About Donald Marron 294 Articles

Donald Marron is an economist in the Washington, DC area. He currently speaks, writes, and consults about economic, budget, and financial issues.

From 2002 to early 2009, he served in various senior positions in the White House and Congress including: * Member of the President’s Council of Economic Advisers (CEA) * Acting Director of the Congressional Budget Office (CBO) * Executive Director of Congress’s Joint Economic Committee (JEC)

Before his government service, Donald had a varied career as a professor, consultant, and entrepreneur. In the mid-1990s, he taught economics and finance at the University of Chicago Graduate School of Business. He then spent about a year-and-a-half managing large antitrust cases (e.g., Pepsi vs. Coke) at Charles River Associates in Washington, DC. After that, he took the plunge into the world of new ventures, serving as Chief Financial Officer of a health care software start-up in Austin, TX. After that fascinating experience, he started his career in public service.

Donald received his Ph.D. in Economics from the Massachusetts Institute of Technology and his B.A. in Mathematics a couple miles down the road at Harvard.

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