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Showing posts from October 26, 2013

LOGISTICS : Rail Traffic Growth Hits New 6 Month Highs

By Cullen Roche · 

Friday, October 25th, 2013

While there are some minor signs of broader economic slowing, it’s certainly not showing up in rail traffic data. 

 This week’s traffic trends showed a continued improvement off the June lows. 

 We’re not at a new 6 month high in the 12 week average rate of year over year growth.

 This week’s reading on inter-modal came in at 4.3% which brings the 12 week average up to 4.2%.

(Chart via Orcam Research)

Here’s more from AAR:

“The Association of American Railroads (AAR) reported increased weekly rail traffic for the week ending October 19, 2013 with total U.S. weekly carloads of 289,256 carloads, up 0.2 percent compared with the same week last year. Intermodal volume for the week totaled 264,687 units, up 4.3 percent compared with the same week last year, and up for the 16th straight week in a row. Total U.S. rail traffic for the week was 553,943 combined carloads and intermodal units, up 2.1 percent compared with the same week last year.

Eight of the…

Here's Who Actually Owns The Federal Reserve



OCT. 26, 2013, 6:17 AM

Cullen Roche

Cullen Roche is the editor of Pragmatic Capitalism.

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Who Owns the Federal Reserve?

Process and Performance

“Now all of a sudden you’re David Tepper.”

Good question here in the Ask Cullen page

 I get this one a lot so it’s worth some detailed explanation.

First, it helps to understand what the Fed really is. The Federal Reserve System was modelled after the New York Clearinghouse that existed in New York during the 1800′s and 1900′s. 

 As its name states, the New York Clearinghouse was just a big clearinghouse where many of the big banks would come to settle their interbank payments. 

 Unfortunately, it wasn’t broad enough to handle the scope and complexity of the US banking system so these regional clearinghouses were deficient in dealing with bankin…

The 10 Scariest Airport Runways In The World




Peter Forster, Wikimedia Commons

Each year, the Airfarewatchdog team looks into some of the scariest airports known to mankind (okay, so they're not truly scary—if an airport was actually dangerous, pilots wouldn't land there—but these will definitely give you a thrill).

It's been two years since we put out an international list (in case you missed it, you can read it here), but our research led us to some additional airports that definitely deserve to be on there.

So, as a follow-up, here are 10 more of the world's most thrilling airports.

This post originally appeared at Airfarewatchdog. Copyright 2013.

Sea Ice Runway, Antarctica

Josh Landis, Wikimedia Commons

Sea Ice Runway in Antarctica is unpaved, and there's a chance the ice could crack under the weight of an airplane—which is downright terrifying. In fact, a few years ago, the runway was melting, so flights scheduled to land there were cancelled or rerouted.

Now, pilots are…