Rail Legislation about to move

Trains Magazine General Discussion
1

According to the Railway Age website, Morgan Stanley is reporting that Rail Legislation will move “soon” maybe this week. It is not as bad as the AAR thought it would be . They are saying that Rail stock prices will go down some as a result of this.So maybe it will be alright. I guess time will tell.

George

2

Here’s the link:

http://www.railwayage.com/breaking-news/morgan-stanley-rail-legislation-foreseen-for-next-week.html

From my further review of this article, it seems that former STB Chair Linda Morgan anticipates that Sen. Jay Rockefeller’s draft bill may be introduced this week to the end of the month, and may pass by the end of the year to avoid getting tangled up in the election year politics. The Morgan Stanley analysts are predicting that a bill compromising between the positions of the AAR and the shippers is what will be adopted, and will affect stock prices accordingly.

Thanks, George, for posting this advisory, and the accurate-enough summary !

  • Paul North.