No signs of economic sluggishness here. Intermodal rail traffic notched another new seven-month high as year-over-year growth came in at 6.3% for the week ending Nov. 9. This brings the 12-week moving average to 5%, which is the highest reading we've seen since early April.
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Carloads are up and Intermodal is up. Given the uplift in oil and petroleum traffic I wonder what type of traffic has dropped off? Coal??