'Disappointing News is Easy to Find'

摘要

"You have to look pretty hard to find good news in May's rail traffic data, but disappointing news is easy to find," the Association of American Railroads noted. "Carloads are taking hits from several sides. Flooding in the Midwest has been hindering operations. Heightened economic uncertainty is being made worse by increased trade-related tensions, higher tariffs leading to reductions or disruptions of international trade, and lower industrial and manufacturing output. In addition, some rail markets are undergoing rapid change. For example, locally sourced frac sand in Texas is displacing sand that used to be shipped in by rail. And ongoing trade disputes and tariffs aren't helping intermodal."