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Q3 2026 Freight Rail Forecast: Carload, Intermodal, + Bid Season Pricing
Harris + David break down the Fourth Edition of the Telegraph Market Consist, out now. What’s inside? Q2 carload volumes came in up 6% against our own forecast of down 5%, so the conversation starts with what the model missed, why chemicals flipped from down 11% last quarter to up 9% this quarter, + what the "Washington Hat Trick" thesis means for the rest of the year.
They also get into what shippers should be thinking about for the upcoming bid season. Namely that every Class I signalled the same thing to investors on their Q2 calls, which we are reading as a 2% to 5% increase across the…
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