November freight volumes hint at economic recovery

12/10/2009 | Seeking Alpha

Freight carloads fell 8.2% from a year ago, but excluding the Thanksgiving holiday, volume was higher than it has been all year, according to the Association of American Railroads. "November's traffic numbers, when considering the effect of the Thanksgiving week, are generally positive," said John Gray, AAR senior vice president of policy and economics. "The economic indicators in December's report lead us to believe that our nation's economy continues to improve."

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