Waste on Freight Cars Gains Most Since 1994 Confirming Rebound!
Fantastic, that is exactly the economic indicator I've been waiting for. Harvard Business Review summarized the Bloomberg write-up nicely:
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| Rolling Waste Signals Economic Growth |
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The number of U.S. rail cars filled with waste, a figure that's well correlated with economic growth, jumped to 79,044 in April and May 2010, an increase of 45% from a year earlier, according to the Association of American Railroads. That's the biggest such increase since at least 1994. The cargo consists of iron and steel (42%), municipal waste and demolition products (32%), paper (11%), ashes (5%), nonferrous metals (4%), miscellaneous (4%), and chemical waste (1%). |
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