The Target Is Actually the Hunter
FINANCIAL EDGE, RAILWAY AGE MAY 2021 ISSUE: The scuffle between CP and CN to acquire Kansas City Southern requires comment. In the 2021 Railroad Financial Desk Book, it was noted that KCS’s
Author: David Nahass
Next-Gen Freight Rail Sets Agenda for the 2020s
FINANCIAL EDGE, RAILWAY AGE APRIL 2021 ISSUE: The tone and context of Railway Age’s Next-Gen Freight Rail conference held virtually on March 10, 2021 changes rapidly when viewed through the blockbuster announcement of Canadian Pacific’s (CP) acquisition of Kansas City Southern (KCS).
Texas Cold Won’t Bring Back Coal
The Texas wind that blows, blows not for king coal. The recent electricity debacle is likely to pivot power generation further away.
You Can’t Hide Behind COVID-19 Forever
FINANCIAL EDGE, RAILWAY AGE FEBRUARY 2021 ISSUE: 2020 is in the rearview mirror.
Pathway to Normalcy Remains Uncertain
FINANCIAL EDGE, RAILWAY AGE DECEMBER 2020 ISSUE (updated): On the final day of what might be the most unusual year in the lives of most Railway Age readers, It’s clear that 2020 was the year of the unexpected. While many people may have thought that a pandemic was not out of the question (in 2019, the U.S. government conducted a pandemic simulation, the “Crimson Contagion,” which predicted more than 500,000 deaths), the U.S. was unprepared for the voracity of the COVID-19 virus and the intensity of the shutdown resulting from its impacts.
Staggers, Loadings and the Election
THE FINANCIAL EDGE, RAILWAY AGE, NOVEMBER 2020 ISSUE: The 2020 U.S. Presidential election may be the most unique in modern times. Paper ballots came into use in the early 19th century; the modern lever-pull voting machine in the late 19th century; and push cards (until the infamous “hanging chad”) were used until 2000. Cue the pandemic: In the 2020 election, mail-in ballots were expected to account for at least 80 million votes—more than half the total number of votes expected.
Reason Not The Need: 2021 Financial Desk Book
Welcome to the 2021 Railway Age Railroad Financial Desk Book. It’s been about seven months since the COVID-19 pandemic began in earnest in the U.S. Generally, people, and by extension the rail finance community, would like things/business to return to normal. Normal, however, is as much a state of mind when it comes to North American rail, since heading into the pandemic, rail was heading into a softening market hoping for a rebound.
Are Intermodal’s “Green Shoots” Signs of Recovery?
THE FINANCIAL EDGE, RAILWAY AGE SEPTEMBER 2020 ISSUE: The rail industry continues to twist as the COVID-19 pandemic rages on. To say that the length of the pandemic either has or will exceed most people’s initial expectations would be an understatement. So as the market continues to scuffle along, “Financial Edge” tried to look for some “green shoots” to provide some sense that there will be a return to normalcy sometime in the future.
Pipeline Shutdown Highlights Downturn’s Depth
FINANCIAL EDGE, RAILWAY AGE AUGUST 2020 ISSUE: The Dakota Access Pipeline (DAPL) has been grabbing headlines for a few weeks. A second pipeline, the Tesoro High Plains Pipeline, has been shut down recently, due to disputes involving the pipeline’s right-of-way.
Recovery, Growth, Car Supply Confront Rail
FINANCIAL EDGE, RAILWAY AGE, JULY 2020 ISSUE: On the June 17 Railway Age Rail Insights webcast (held in lieu of the usual conference in Chicago), the path forward for rail and the post-pandemic future of rail loadings was on the mind of presenters and the audience. The rail industry is searching for the bottom and looking for “green shoots” that suggest the market has “bottomed,” and that loadings might start to return to normal levels.