Commentary

Railroad Happy Hour a Bit Happier This Time

Written by Jason Seidl, Matt Elkott, Elliot Alper and Uday Khanapurkar, TD Cowen
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An intermodal panelist in the Northeast called out some recent strength in their business, which largely runs on Norfolk Southern’s network. NS photo

Leaders in the railroad and logistics market continue to see a challenged intermodal market and holiday peak season. Service has been materially improved on both coasts and the Class Is have plenty of capacity to handle more volume. STB Chairman Oberman announced his departure, a surprise to us and all panelists, leaving the seat open until POTUS names his successor.

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