Intermodal rail volume for July rose 5.5% compared with the same time last year, the Association of American Railroads reported.
Intermodal volume rose to 1.3 million units in July. The weekly average was the highest for any July on record at 257,232 units.
“The economy has had several so-called “false dawns” over the past few years, but based on current rail traffic levels, there’s reason to be optimistic that this time the economy might start growing like it should,” AAR Senior Vice President John Gray said in a statement.
Fifteen of the 20 categories tracked by AAR posted increases in July from the prior year, led by motor vehicles and parts (35.9%).
Intermodal volume for the week ended Aug. 2 increased 6% to 270,323 year-over-year, the rail trade group said.