Railroad Carloads Plummet

Railroad Carloads Plummet

This nice essay from Escalation Consultants, delivered on 5/21/2020, shows very large decreases in rail carloads after mid-March of 2020, approaching 30% for most carriers. Only Union Pacific is down by only 18%.

Another graph shows the differences by commodity.

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Only grain and crushed stone are up. Coal and petroleum, the profit centers of the railroads, are way down, by more than 30%.

The article claims that one can take advantage of leverage to obtain favorable prices due to these steep declines in the Coronavirus economy.

I think the article bespeaks some hard times ahead for the big rails.

Railroad Carloads PlummetDownload