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After calamitous year for coal, U.S. consumers hold key for rails
2015-09-28 07:55:49| Railroads - Topix.net
Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending. Their bet is that a strengthening economy will produce enough demand that railroads will be able to replace the income lost to years of declining coal use with so-called intermodal shipping - the movement of containers stuffed with clothing, furniture and other consumer goods.
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Category:Transportation and Logistics
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