June 7, 2021 Like many U.S. companies in the wake of Covid-19, U.S. railroads are experiencing a state of strong demand and constrained supply. On balance, the situation is mostly favorable, with North America’s Big Seven freight railroads all expected to earn solid profits in 2021. Of course, the Big Seven will soon be the Big Six, assuming regulators approve Canadian National’s $30b takeover of Kansas City Southern. Will it get approved? What do competitors think? What’s the industry’s outlook for the remainder of this year and beyond? Key executives shared their thoughts on these and other hot topics at two major virtual investor events held in recent weeks. One was hosted by Wolfe Research analyst Scott Group and the other by his counterpart at Alliance Bernstein Dave Vernon. Here are some highlights:
An Econ Weekly Update on the Railroad Industry
An Econ Weekly Update on the Railroad…
An Econ Weekly Update on the Railroad Industry
June 7, 2021 Like many U.S. companies in the wake of Covid-19, U.S. railroads are experiencing a state of strong demand and constrained supply. On balance, the situation is mostly favorable, with North America’s Big Seven freight railroads all expected to earn solid profits in 2021. Of course, the Big Seven will soon be the Big Six, assuming regulators approve Canadian National’s $30b takeover of Kansas City Southern. Will it get approved? What do competitors think? What’s the industry’s outlook for the remainder of this year and beyond? Key executives shared their thoughts on these and other hot topics at two major virtual investor events held in recent weeks. One was hosted by Wolfe Research analyst Scott Group and the other by his counterpart at Alliance Bernstein Dave Vernon. Here are some highlights: