Re: Stock Market's plunge could effect the railroads
Author: BN Oly
Date: 08-08-2011 - 20:43
Everyone is down, so just because the rails are isn't a sign of anything significant. There is a massive conversion going on right now of traditionally long-haul trucking freight converting to intermodal because of rates, carbon footprint etc. The rails will still enjoy steady business and will continue to see growth as more longhaul converts to intermodal. There is a growing driver shortage that will continue to push more freight towards the railroads. They're fat and happy right now... just not quite as happy as two weeks ago.