TRANSPORTATION: Forecasts

Prime index of future business trends is given four times a year by the National Association of Shippers Advisory Boards, through which more than 85% of all U.S. shippers tell the railroads how many carloads they expect to ship in the coming quarter. In 19 years the average of their forecasts has been correct within 2%.

Last week the shippers gave their estimate for the next 90 days, predicted a rise of 4.6% in carloadings over the summer of 1941, of 7.2% over this year's spring. Actually this forecasts a tonnage increase of...

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