More positive indications of the economy from the Association of American Railroads (AAR) which reported total rail traffic for the week ending Oct. 10th was up 1.9% as compared to the same week last year. The net increase appears to be due to the rate of increase in intermodal traffic, as compared to carloads. As has been the case for much of this year, declines remain the case for coal, nonmetallic minerals, and petroleum and petroleum products. One can expect continuing struggles for placement of typical railcars serving these industries (open top hoppers, gondola railcars, and tank railcars.) At the same time, there does appear to be some pick-up in inquiries from industries in a range of business sectors, perhaps as we have noted previously, an indication that businesses are feeling a bit more confident about the future.
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