By Alessandro Pasetti, The Loadstar; April 29, 2019
You already know that rail operators across North America are capitalising on the dearth of truck drivers; and you should also be aware, if you have followed our recent news coverage, that some of them are doing really well – but for others it is not such a smooth ride.
However, many of the major public companies have their shares trading at record highs, thanks to efficiency measures and lower input costs, such as fuel. Let’s take a preliminary look at the environment gauging the underlying performances and/or expectations of three of the best, largest and financially strongest entities among the US and Canadian “Class I” railroads – Union Pacific, BNSF (unlisted) and Norfolk Southern Corporation.