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Whats going on with railroad traffic falling?

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  • Member since
    January 2014
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Posted by Euclid on Friday, February 12, 2016 8:29 AM

traisessive1

Guys, read financial posts and things of the like. This slow down has very little to do with post Christmas anything. We're heading for the bottom and about to drill deeper.

 

Latest news from Caterpillar:

http://www.constructionequipment.com/caterpillar-close-five-plants?utm_source=Construction+Equipment&utm_medium=linkedin&utm_campaign=Construction+Equipment&utm_term=Construction+Equipment&utm_content=Construction+Equipment

  • Member since
    July 2006
  • 9,610 posts
Posted by schlimm on Friday, February 12, 2016 5:55 PM

Also in that Caterpillar link, one positive note that tends to contradict some on here.  

"On a positive note, large wheel loaders produced in Tongzhou, Jiangsu province in China will transition to the Caterpillar wheel loader facility in Aurora, Illinois, and the Tongzhou facility will close in the second quarter of 2016, impacting 40 positions. Total employment in Aurora is not expected to be impacted at this time as the work will be absorbed into existing operations."

C&NW, CA&E, MILW, CGW and IC fan

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