If there is anything to take away from the February rail traffic data (as reported by the Association of American Railroads), it's that the shift away from coal as a fuel for electricity production is not just theoretical anymore. While major rails will adjust to this shift in time, it seems likely to shake up the business in 2012.
February Data - The Familiar "But"
The story on U.S. rail traffic data is getting a bit routine here of late. Traffic was down 1.9% from last year (and down 2.9% from January), *but* traffic excluding coal and grain was up 7.7% (and up 5.5% excluding just coal).
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