Atlanta Claus

Railroad Weekly April 15, 2024

Inside This Issue

·   Atlanta Claus: NS Says Profits Await for Those Who Have Faith

·   Talk Ratio: NS Does Early Releases of Q1 O.R. Figures  

·   No Fun in Q1: Op. Ratios Balloon; Shaw Says Progress Coming Soon

·   Whistling 60: Shaw Says Give Me 4-5 Years; I’ll Give You Sub-60% O.R.

·   Raider’s Rebuttal: Ancora to Hold Monday Chat with Deutsche Bank

·   Rate Wait: An Imminent Fed Interest Cut Looking Less Likely  

·   Better Pay, Jobs Will Stay: CN Ups its Offer to Teamsters

·   Tony Talk: Analyst Tony Hatch Speaks on the Supply Chain 24/7 Podcast

·   This Week: CSX Kicks Off the Official Start of Q1 Earnings Season

Track Talk

“We’re entering the third year of freight recession. At some point, that’s going to have to unwind. It always does.”

-Norfolk Southern CEO Alan Shaw, speaking to Wolfe Research

Norfolk Southern’s Q1 Preview