Here is a little look at CURRENT REAL ECONOMY:
By Daniel at 14 December, 2009, 10:00 am
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Check out the charts/descriptions for more, quite interesting.
Freight Rail carloads down 8.2% from 2008, 17.4% from 2007.
Coal down 13.3% (11.5% from 20007)
Forest products down 18% (30.6%) almost the lowest since recession started!
Metallic ores and metals down 17.9% (42.8%)
Crushed stone down 14% (28.2%) the 2nd lowest since recession started!
Quotes:
“In the United States, more than 70% of the coal delivered to coal-fired power plants is delivered by rail.”
“This is good news to be sure, but don’t get carried away. In the United States, a gain of more than 100,000 jobs each month is necessary just to keep up with the average growth in new entrants to the labor force.”
Source:
Association of American Railroads
Rail Time Indicators
http://www.aar.org/NewsAndEvents/~/media/AAR/RailTimeIndicators/RailTimeIndicatorsDecember2009.ashx
- Roka
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