Friday, June 11, 2010

Waste on Freight Cars Gains Most Since 1994 Confirming Rebound!

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:
Rolling Waste Signals Economic Growth
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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