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What are the economic drivers of freight?

Posted by Todd Tranausky on Jun 3, 2021 1:15:05 PM

Todd Tranausky was asked: "Consumption is up. What are the contributing factors and how does it relate to intermodal?"

This Q&A response from the FTR experts came from our April Rail Outlook (Carload + Intermodal) webinar. View the video and the key takeaways below. 

 

 
Key Takeaways:
  • Looking at this February compared to February 2020 (the final month unaffected by the pandemic), goods spending was up nearly 10%. Personal income was up as a result of stimulus payments, and retail sales and new & existing home sales were positively affected as well.
  • Personal spending was just about flat, and payroll jobs and spending on services were both down significantly compared to last year.

 

Tags: railcar, Freight, intermodal, Rail

 

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