TODAY CNN MARKET WACTH HAD FINDINGS ON THE US RAILROADS AND HOW THEY ARE DOING… BNSF STOCK UP BY 79% NS STOCK UP BY69% AND CSX UP BY 28% EARNING WERE UP BY THE AVG. OF 32%FOR THE CARRIERS. EVEN WITH THE CURRENT FUEL COST AND BY THE WAY THE RAILROADS ARE NOW CHARGING SURCHARGES TO OFF SET THE COST…
Ok, so rail stocks are performing better due to increased fuel costs and other burdens on trucks. That has been going on for months. Why is it news now? Surchasrges were increased substantially when prices spiked for oil in 2004 and have been high ever since as they are pegged to oil futures. Or perhaps you just noticed.
LC
for limited clear… this point was to say that the railroads are making money over the past year to imform members of the operating unions in case they didnt hear or see this info. in case you didnt know there working to hammer out a new contract with the railroads.