Down the Wrong Track

Railroad Weekly January 29, 2024

courtesy: David Clow

Inside This Issue  

·   Down the Wrong Track: Industry Margins Worsen Again in 2023

·   Growth Grief: Will 2024 be Another Year of Shrinking RR Traffic?

·   Canadian Goosed: Things are Increasingly Looking Up for CN

·   Southern Fried Margins: NS Now the Industry’s Sick Man   

·   Vaxxed Against the Box Pox: UP and CSX Less Exposed to IM Ills

·   Domestic Disturbance: Coal Demand Weak from Utilities, Strong from Overseas

·   GDP Glee: More Signs of a Strong U.S. Economy; Fed Meets this Week

·   Wretched Memories: NS to Mark One Year Since East Palestine Accident   

Track Talk

“I’ve heard many characterize last year as maybe the worst trucking market they’ve seen in the last 40 years. So, I think there’s a lot of hope that we’re at the bottom or have reached the bottom.”

- CSX chief commercial officer Kevin Boone, expressing hope that as trucking prices rise, so will the railroad’s ability to attract more intermodal rail business  

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