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North American volume, as reported by nine U.S., Canadian and Mexican railroads, includes 315,173 carloads, a 4.7% drop from the same week in 2024, and 364,946 intermodal units, a 5.3% increase. The ...

And, if my technical research is correct, the divergence in underlying weekly volume stats could be flashing a major warning to the bubbly meme market chasers of late 2024 and early 2025.