Trainwreck? US Freight Carloads Collapse, Flash Recession Warning

Tuesday, August 11, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/10/2015

Trainwreck? Rail traffic fell in July from a year ago as WSJ reports an increase in container volumes couldn’t offset a steep decline in oil and coal shipments according to the Association of American Railroads. Despite almost constant reassurance that plunging oil prices are ‘unequivocally good” for America, AAR analysts warn “railroads are overexposed, relative to the economy in general, to the energy sector,” adding that traffic data indiates “growth is slow and the recovery could be threatened by an interest-rate increase by the Fed.”

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