By Joanna Marsh, Freight Waves; November 24, 2019
As the freight rail industry looks ahead to 2020, the leaders of several Class I railroads and railroad lessors said a return to volume growth isn’t likely to appear until the second half of next year.
While the consumer economy appears to be stable amid factors such as low unemployment rates in the U.S., the industrial economy hasn’t shown the same magnitude of strength, rail executives said at transportation conferences held by investment firms throughout November.