11 February 2010
Rail Carloadings from Railfax vs Diesel Fuel Consumption from Ceridian
Our RR numbers with non-normalized 3 month moving average smoothing compared to Ceridian diesel fuel consumption with seasonal adjustment. Conclusions? The industrial economy (cyclical, coal) was hit much harder by the Great Recession of 2008 than was the consumer economy. (diesel, intermodal). Today's RR numbers are a bit better than you'd expect for this time of year...but who the heck knows how to normalize this economy?