Transportation volumn setting records

AP/Houston Chronicle:

Strong demand for coal and agriculture products helped boost shipping volume for Union Pacific Corp. 5 percent in the second quarter through June 10, the nation's largest railroad said Friday.

The railroad said intermodal volume also remained strong in the quarter that began April 1 and runs through June. The intermodal segment of the railroad's business was up 7 percent during the quarter.

Union Pacific's intermodal shipping, which uses large containers that can be carried by railroads, trucks, cargo planes or ships, has set company volume records every month in 2006.

The Omaha-based railroad said energy shipping is up about 8 percent in the quarter, and May was a record month for coal shipped from Wyoming's Southern Powder River Basin.

Union Pacific is transporting more ethanol, feed and corn shipments and Mexican imports this year than it did last year. So the volume of agriculture products transported is up 3 percent.

...

Rail traffic is an indicator of economic activity and can be a leading indicator of strength in sme indutries. This report suggest the economy is still robust.

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