Reading The Tea Leaves: Rail Volumes Say Economy Is Growing
Rail volumes are growing at Union Pacific, BNSF Railway and Canadian National Railway.
Canadian National Railway sees 35% increase in shipment of metallic ores.
Norfolk Southern is growing faster than CSX .
Railroad volume numbers are the tea leaves. Read these numbers correctly and you can predict trends in the economy.
Volumes at Union Pacific (NYSE:UNP), BNSF Railway (NYSE:BRK.A) (NYSE:BRK.B) and Canadian National Railway (NYSE:CNI) are growing, indicating something is really happening in the North American economy.