U.S. Rail Freight Traffic continues its upward trajectory

The Association of American Railroads reported that growth in rail freight traffic continued during the week ended May 1, 2010, as all 19 carload freight commodities and both intermodal categories were up from the year ago period for the second consecutive week. U.S. railroads originated 295,718 carloads during the week ended May 1, up 16.3 percent from the comparable week in 2009. However, volume was still down 11.6 percent from 2008.