Midwest Association of Rail Shippers

Garden City port intermodal

Notes from MARS: Cowen

Crude by rail is set for growth over the next 18 months, while frac sand could begin to moderate in 2H18 as the shift to Permian sands intensifies, according to a report from the Midwest Association of Rail Shippers (MARS) conference prepared by Cowen and Co. Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “Ongoing market strength continued to be the main thread across the presentations, tempered only by trade policy concerns. We believe that the railroads will show notable earnings improvement this year.”