by Gilbert B Norman
Very upbeat coverage appearing in Today's Wall Street Journal (subscription site):
http://online.wsj.com/article/SB121688052208680535.html
Brief passage:
Even if Amtrak advocates do not agree, it appears that terms such as "meltdown" are non terms today.
disclaimer; author holds position in UNP
http://online.wsj.com/article/SB121688052208680535.html
Brief passage:
- If the U.S. economy is deteriorating, could someone please tell the railroad industry?
Profits for several railroad companies are surging as they exercise their power to raise prices, in part because they remain a cheaper alternative to trucks and other less fuel-efficient modes of transportation. Union Pacific Corp., the largest U.S. freight railroad operator by revenue, reported a 19% jump in second-quarter net income, despite a 3% drop in carloads, a 54% jump in fuel costs and a variety of logistical issues associated with recent Midwest flooding.
Even if Amtrak advocates do not agree, it appears that terms such as "meltdown" are non terms today.
disclaimer; author holds position in UNP