Railroad industry
Article Abstract:
CSX Corp and Norfolk Southern Corp have taken great care to integrate the operations they have acquired from Conrail after the split-up into their systems in order to preclude the problems that have ensued from earlier railroad mergers. Traffic and volume have softened for most US railroads and problems persist from the international economy and congestion in the Powder River Basin of Wyoming. Prospects for these stocks are not favorable for the near term of 1999 and the year 2000, but several do have investment appeal over a longer period.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
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Railroad industry
Article Abstract:
Earnings and profits for the railroad industry in the late 1990s have been hurt by deteriorating performance, capacity constraints, and service problems resulting from industry consolidation. The possibility of renewed regulation in the US and the possible slowdown of the US economy in 1999 are two issues that could harm the industry, as well. Short-term investors may wish to avoid railroad stocks in 1999, but there is some speculative appeal for the longer term.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: