for may y-o-y traffic is off by about 4% (both regular carloads and intermodal are down).
for year to date (first 5 months) y-o-y carloads are flat (not including containers). but container traffic is down over 6%.
stagnant economy combined with big time inflation. a bad combination.
of course some of the drop in container traffic may be due to the continued shutdowns in china. not sure of the %.
Some potentially big warning signs.
Thanks bear!