US and North American Freight Traffic.
- Doktor No
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US and North American Freight Traffic.
https://www.railwayage.com/freight/clas ... paign=2600 Great analysis...where did it go though? And why? Discuss among yourselves.
Curb Your Enthusiasm.
- DaveO
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Re: US and North American Freight Traffic.
I'm not sure about that. I think he punted more times than the Lions doDoktor No wrote:Great analysis
Anyway it's weekly figures. People that panic based on weekly figures need to get some meds going.
Business should be a long-term thing like 10 years.
But "activist" investors (aka scum in my thinking) have redefined long-term to be about a year.
So we get columnists like this that sound the alarm over a weekly result.
Part of the reason Ford stopped reporting monthly sales.
- SD80MAC
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Re: US and North American Freight Traffic.
I think the flooding in the Midwest had everything to do with the downtrend in coal last month. Yes, not as much moves by rail anymore but all of the industry analysts are saying it should be back to normal this month.
"Remember, 4 mph is a couple, 5's a collision!"
http://flickriver.com/photos/conrail680 ... teresting/
http://flickriver.com/photos/conrail680 ... teresting/
- DaveO
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Re: US and North American Freight Traffic.
Coal is going out quick. The article acknowledges that. DTE has moved up the closing date on 2 plants from 2023 to 2022. DTE isn't alone in moving up coal plant closures.SD80MAC wrote:I think the flooding in the Midwest had everything to do with the downtrend in coal last month. Yes, not as much moves by rail anymore but all of the industry analysts are saying it should be back to normal this month.
- Saturnalia
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Re: US and North American Freight Traffic.
Trenton, Essexville, St Clair, Monroe...all on the nearish-term chopping block. Huge coal customers by rail and via Lake Freighter. Both plants in Marquette shut down in the last year (Upper Harbor just last weekend), add to that Muskegon, etc. Crazy.DaveO wrote:Coal is going out quick. The article acknowledges that. DTE has moved up the closing date on 2 plants from 2023 to 2022. DTE isn't alone in moving up coal plant closures.SD80MAC wrote:I think the flooding in the Midwest had everything to do with the downtrend in coal last month. Yes, not as much moves by rail anymore but all of the industry analysts are saying it should be back to normal this month.
If one wants to run out to Wyoming to view the coal fields, you may only have a couple of years left to do so.
- DaveO
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Re: US and North American Freight Traffic.
The Wyoming coal is pretty safe for now.Saturnalia wrote:If one wants to run out to Wyoming to view the coal fields, you may only have a couple of years left to do so.
It's the higher sulfur/higher labor cost stuff from the Appalachians that is endangered.
And yes, I think you knew that
- Doktor No
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Re: US and North American Freight Traffic.
Only part of the article was weekly figures, it also shows a downward trend year to date.
Western coal will be OK for awhile, but it won't be forever either. Rail must needs to find a new traffic base to replace it...as in intermodal? As in oil? As in a better job of what they now have? All of the above IMHO.
Vantuono has been around the block and has covered rail for decades. He knows from where he comes by the way.
Just another input into the mix of discussion...thought I'd pass it along.
Western coal will be OK for awhile, but it won't be forever either. Rail must needs to find a new traffic base to replace it...as in intermodal? As in oil? As in a better job of what they now have? All of the above IMHO.
Vantuono has been around the block and has covered rail for decades. He knows from where he comes by the way.
Just another input into the mix of discussion...thought I'd pass it along.
Curb Your Enthusiasm.