Economics

Bank of America: Rail Traffic Is Saying Something Worrying About the U.S. Economy

Rail carloads are looking recessionary.
Photographer: Luke Sharrett/Bloomberg
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It's not the jobs report or the latest housing data but railway cargo that has analysts at Bank of America concerned.

Railroad cargo in the U.S. dropped the most in six years in 2015, and things aren't looking good for the new year.