Weekly rail traffic moved higher week-to-week amid growing builder confidence and higher retail sales in May. But will the upward trend last?
Although rail traffic is still down significantly over 2019, that wide difference in volumes could be slowly starting to narrow.
The ongoing coronavirus pandemic is shrinking U.S. rail volumes as the housing construction and retail sectors struggle to stay afloat.
FreightWaves Market Expert Anthony Smith writes about the issues impacting the U.S. housing market. As important as these issues are, they have a ripple effect…