Rail Traffic Decline Is Proof? of What?

Many thanks for the nice post and excellent chart.

Your chart shows that year over year freight traffic was up as of November of 2008, long after the recession hit some industries extremely hard. Today, Internet traffic is shooting out the roof. As I recall, iPhone Internet traffic is up more than 600%. Looking at freight traffic is a bit like looking at employment data. The peak unemployment rate usually occurs about 15 months after the end of recessions. I suspect that the economy will be very strong before freight traffic reaches the old high.

in reference to: Rail Traffic Decline Is Proof The Economy Still Sucks (view on Google Sidewiki)