Freight

Last month mentioned Cass's perspective of the economy based on goods moving or more important the lack of goods moving.  Now a report from from the Association of American Railroads (AAR) further reinforces what Cass showed.

There are 13 types of freight tracked. Only 1 showed and increase (Petroleum). Everything else is down year over year.

Cass Freight is a great way to get early warnings of what is coming in the economy. Their October report is worth a read (found here).  This is to provide a reference for when their December report comes out.  These guys are the source.  

Their headline sums it up: