Investors on Board With Rails
Even throughout all the subprime mess and the credit concerns that snaked their way through the markets, there were groups, sectors or parts of sectors that more than held their own. One such group, the rails, have reacted better than other transports such as trucking or airlines, despite facing both industrial and consumer slowdowns, and in the case of trucking and airlines, another large whammy with fuel cost increases. The rails, led by such names as Norfolk Southern Corporation (NYSE: NSC), Burlington Northern Santa Fe (NYSE: BNI), Union Pacific Corporation (NYSE: UNP), and CSX Corporation, (NYSE: CSX), hung in there…