(Bloomberg) -- Nobody likes the rising price of oil
better than U.S. railroads.
As the cost of crude soars, rail is gaining a competitive
edge after losing ground to trucks for half a century. Even as
automotive plant closings and reduced U.S. housing construction
have contributed to a 4.4 percent drop in train shipments this
year, investors including Warren Buffett and Carl Icahn are
flocking to railroad shares, betting that higher oil prices and
surging Asian imports along with congested highways will boost
long-term demand.
Read more at Bloomberg Exclusive News
better than U.S. railroads.
As the cost of crude soars, rail is gaining a competitive
edge after losing ground to trucks for half a century. Even as
automotive plant closings and reduced U.S. housing construction
have contributed to a 4.4 percent drop in train shipments this
year, investors including Warren Buffett and Carl Icahn are
flocking to railroad shares, betting that higher oil prices and
surging Asian imports along with congested highways will boost
long-term demand.
Read more at Bloomberg Exclusive News
1 comment:
Your blog is very interesting!
Please, send me the photo of your computer desk.
I'll publish on my blog!.
And if you want link me your blog, so I’ll publish on mine.
EMAIL: pcdesktop1@gmail.com
Post a Comment