Shares of railroad operators rallied Tuesday, as Evercore ISI analyst Jonathan Chappell said President Joe Biden’s urging of Congress to step into the stalled talks between labor unions and rail Read more
Tag: railroad
CSX, Norfolk Southern stocks sink to near 2-year lows after UBS downgrades, citing a ‘deteriorating’ outlook
Shares of CSX Corp. and Norfolk Southern Corp. both sank toward the lowest levels in nearly two years Tuesday, after UBS analyst Thomas Wadewitz backed away from his long-time bullish Read more
Biden competition adviser points to railroad, shipping industry concentration as driver of inflation
“ ‘What do you do with an industry that makes more profit by providing worse service when barriers to entry are very high? ” — Tim Wu, special assistant to Read more
Opinion: Streets, railroad tracks and playground equipment are melting and buckling amid record temperatures
Blistering, buckling, breaking down. The summer that is coming to an end in the northern hemisphere was the second hottest ever in North America and Asia, and the hottest ever Read more
Railroad stocks rally after strike averted, to provide a big boost to the Dow transports
Shares of railroad operators rallied in premarket trading Thursday, after a railway strike was averted as the White House said a tentative deal has been reached. Shares of CSX Corp. Read more
Potential railroad strike: Why Amtrak is canceling trains, and everything else you need to know
A possible national railroad strike is looming over the U.S. supply chain and adding to the inflation fears that have roiled markets this week. Major freight railroad operators have already Read more