And so is getting coal, sand, and road salt to midwestern states this fall and winter.
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Railroads are likely to benefit from the reduced barge capacity. They tend to decline with the economy. (Shipping is a leading economic indicator.). This could be a good time to buy.
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Can they haul the tonnage at the same cost?
They cannot. Nothing moves stuff cheaper than barges on a river. Although railroads are very efficient as well. At least its not trucks.
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On a positive note medical examiners have plenty of work to do - examining the multiple sets of human remains exposed by the receding waters in Lake Meade - transported from Las Vegas, I imagine.
I am coming late to this sector, but this thesis sounds good. Except for BRK I have no exposure to railroads; I wonder if there’s a board or series of posts to help get me up to speed? I’d appreciate the help.
Thanks.
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We do have a Railroads category under Industry Discussions. They have quite a thread on the Mississippi River problem. Low water narrows tow lanes. Some dredging in process. Barge loads reduced. So reduced capacity.
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