for this last week or so, y-o-y, traffic is down about 5%. 

if we look at year to date, first 4+ months of the year, y-o-y carloads are up barely half a percent.  but intermodal is off over 5%.  (maybe due largely to shutdowns in china?). 

the fed gdpnow is predicting growth of 2.5% for the second quarter.  i expect that to get adjusted downward.  it is hard to see how we can have 2% growth if there is less "stuff" being shipped around the country.