An Oath of Growth

Railroad Weekly November 11, 2024

courtesy: Steel Wheels Photography

Inside This Issue

·   An Oath of Growth: CSX Details Ambitious Expansion Plan

·   All Gain, No Pain: CSX Insists Existing Assets Can Support More Volume

·   The Return of Trump: For RRs, Will it Bring a Bump or a Slump?

·   Myrtlewood Good: Schneider Enthused by New CPKC-CSX Interchange

·   Economy Dichotomy: Consumers Booming, Manufacturers Swooning

·   Powell Pop? Will Another Rate Cut Help Stim RR Traffic? 

·   What’s Up? Stock: RR Equity Prices Soar  

·   Steel Ordeal: Weak Auto Market Hits Cleveland-Cliffs

Track Talk

“What we’re aspiring to, and what we’re going to deliver, is profitable growth. Both of those words are important together.”

      - CSX CEO Joe Hinrichs

The Latest  

·   In recent weeks, several companies noted a lull in investment and consumption around last week’s presidential election. Well, the election is over now, perhaps sparking some new economic activity that railroads can exploit. As for railroad-relevant policy implications of a second Trump administration, import tariffs loom large as a threat. On the other hand, Washington will perhaps lower corporate taxes, remove some unwanted regulations, and install a less union-friendly STB and FRA. The broader economic implications of a new administration are hard to predict and will, in any case, be shaped by forces beyond any government’s control—forces ranging from overseas wars to the whims of commodity prices, not to mention global