Moody’s lowers freight rail industry outlook to negative for 2020
(Source: Freight Waves, November 4, 2019)
CHATTANOOGA, Tenn. — Moody’s Investors Service has lowered its outlook for the North American freight rail industry to negative from stable amid expectations that overall freight volumes could fall by 1.75% to 3% over the next 12 to 18 months. The credit ratings firm also expects rail industry revenue to be relatively flat during the same period.
Full story: Freight Waves
Monday, November 4, 2019
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