Stock in the Mud

Railroad Weekly March 17, 2025

courtesy: Steel Wheels Photography

Inside This Issue

· Stock in the Mud: RR Market Values Plunge

· Washington Worries: Policy Turns Bring Recession Concerns

· Uncertain, But Not Yet Hurt’n: RR Demand Holding Steady So Far

· April Ghouls: RRs Await New Tariff Announcements Early Next Month

· Weathering the Weather: Q1 Hit by Multiple Service Disruptions

· Don’t Feel Trapped, We’ll Help You Adapt: RRs Reassure as Tariffs Bite

· Shortline Shopping: CN Says It’s Open to More RR Acquisitions

· Tunnel Vision: CSX Sees Big Gains from its Howard St. Tunnel Project

Track Talk

“We’re not tariff immune, but I think we’re built well for this.”

-CPKC CEO Keith Creel

The Latest

· They certainly weren’t alone. But railroads took a beating on the stock market last week, succumbing to widespread nervousness about a policy-induced recession. UP,