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American Railroads Are Already in Recession With No End in Sight

  • Carloads tumbled the most in three years in third quarter
  • ‘There are no pockets of growth’ in cargo, analyst says
CSX Corp. Trains Haul Freight Ahead Of Earnings Figures
Photographer: Luke Sharrett/Bloomberg
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This year’s railroad slump is getting worse as a slowdown in manufacturing threatens broader weakness in the U.S. economy.