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Rail figures suggest US is on track for recession

If you want to know where the economy is heading, look at how its freight trains are doing

A decline in freight volumes moved by rail mean United States could be heading back into recession
A decline in freight volumes moved by rail mean United States could be heading back into recession Photo: iStockPhoto

The United States could be heading back into recession, if current signals from one of its most venerable yet also most contemporary industries – rail – are to be believed.

Freight volumes moved by train have seen declines on a multi-week basis at their fastest rate in 15 years, outside of the Great Recession.

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