Warren Buffett's Favorite Economic Indicator

In an interview with CNBC a few years ago, legendary investor Warren Buffett was asked what set of numbers he would choose if he could only look at a single economic indicator for a month. While the Oracle of Omaha was hesitant to pick just one, he went with rail car loadings as his "desert island" indicator. You might say Buffett's a little biased, considering he bought up North America's second-largest railroad himself, but it makes sense.

Railroads are the circulatory system of the economy, moving raw goods to factories and finished products to consumers. So it should be good news to more than rail investors to hear great results this quarter from some of North America's biggest railroads, including Canadian National (NYSE: CNI), Norfolk Southern (NYSE: NSC), Canadian Pacific (NYSE: CP) CSX (NYSE: CSX) and Union Pacific (NYSE: UNP).

Source: Motley Fool

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