Total U.S. Weekly Rail Traffic Down 17.3% for Week Ending June 4

More evidence that the U.S. economy is slowing down can be found in the reports on rail shipments. Rail Way Age

292 Union Pacific Engines Setting Idle in Arizona

For the week ending June 4, 2016, The Association of American Railroads (AAR) reports total U.S. weekly rail traffic was 455,346 carloads and intermodal units, down 17.3% compared with the same week last year.

For the first 22 weeks of 2016, U.S. railroads reported cumulative volume of 5,274,449 carloads, down 13.7% from the same point last year; and 5,648,851 intermodal units, down 2.1% from last year. Total combined U.S. traffic for the first 22 weeks of 2016 was 10,923,300 carloads and intermodal units, a decrease of 8.1% compared to last year.

As the evidence continues to mount that the economy is slowing, the City Council needs to restrain spending and allow citizens to keep more of their own hard-earned money rather than giving it to the city via taxes and fees.