Wednesday, July 22, 2009

Rail Time Indicators, video summary, released by AAR

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The Association of American Railroads Wednesday released its June 2009 Rail Time Indicators economic report, and also launched a new online video summary of the June report. AAR notes the report combines rail traffic data with more than 15 key U.S. economic indicators, including consumer confidence, housing starts, and industrial production, in a non-technical snapshot of how rail traffic data reflects the broader U.S. economy. 

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"We wanted to pull together the best information from not only the freight rail industry, but also other key economic indicators," said AAR Senior Vice President of Policy and Economics John Gray. "We think the report offers a convenient, clear look at trends that may reveal where the overall economy and freight rail traffic are going."

AAR also launched a monthly video summary of the report, presented by a member of the association's policy and economics team.

AAR’s video highlights trends from the data on the 19 major commodities that AAR tracks in the Rail Time Indicators report. For example, this month, the video examines the impact the U.S. domestic economy is having on the freight rail movement of motor vehicles and equipment, metallic ores, and metals.

"At the end of the day, if people aren't building or buying things, freight rail traffic feels the effects," Gray added. "We thought that a video summary would be a more accessible way to introduce the data to a broader audience."

Both the written report and its video component summary are available for viewing at www.aar.org.