Friday, February 08, 2013
This is through Feb 2nd. Intermodal is quite strong - +5.3% accumulated YoY. However auto shipments are down 2.2% accumulated. This bears watching.
Ores, coal, scrap all down significantly. That correlates to manufacturing. Petroleum up, but that's probably just new oilfields with no pipeline service yet. Lumber and aggregates are up solidly, though. What's that about?
There is also remodeling, both by owner-occupiers and by investors.
Commercial construction has slowed. Housing is well through the five year turn.
Yes, it's at very low levels, but it is increasing and should continue to increase.
Yep, this is only a pause on the way down.