An automobile is made up of over 30,000 parts. Railroads play an important role in the building of cars. Railroads transport raw materials such as metals, plastic and glass to factories that produce auto parts. Then railroads again help move the parts to manufacturers who assemble them into cars. After that railroads transport the finished …
Earlier in the week we looked at what Intermodel freight transport means. The following is a short video explaining the intermodal freight system in the U.S.: Source: AAR Related: The Complete List of Railroad Stocks Trading on the NYSE
The railroad industry in the U.S. is a multi-billion industry and the backbone of the economy. Despite the inter-state highway system and the air fright sector the importance of the railroad for the nation’s economy cannot be understated. Below are some of the fascinating facts of the railroad industry: Unlike many other countries the freight …
Continue reading ‘The Evolution of the U.S. Railroad Industry: Infographic’ »
North American railroad stocks have performed very well so far this year. While the S&P 500 is up around 21% year-to-date, most of Class I railroads, with the exception of CSX, have shot up by over 26%. Canadian Pacific(CP) is the best of the group and has grown by over 34%. One reason CSX is …
Continue reading ‘Comparing the Returns of Railroad Stocks Year-to-Date’ »