(The following story by Anna-Louise Jackson and Anthony Feld appeared on the Bloomberg website on April 13, 2011.)
Growth in railroad-shipping volume shows the U.S. economic expansion is gaining momentum, even with rising energy prices in the first quarter.
Total rail volumes excluding grain and coal shipments rose 7.9 percent to 4.6 million carloads in the quarter ended March 31, according to data compiled by the Association of American Railroads in Washington. It was the second-highest increase in a first quarter, following last year’s 9.3 percent rise.
The full story is on the Bloomberg website.