US EditionReport: Railroads must gain volume to remain relevant
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Report: Railroads must gain volume to remain relevant
Freight cars gather in Norfolk Southern’s Moorman Yard in Bellevue, Ohio. Joe Zadeh Class I railroad earnings growth will slow and their stock prices will slump if they can’t maintain improved service levels and win back volume lost to trucks, a Wall Street firm warns in a new report. TD Cowen analysts note that rate-driven revenue growth, cost-cutting, and rising profit margins have sustained railroad earnings and stock prices despite continued…
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