Wall Street sees lower Q1 earnings for Class Is, but Q2 rebound
(Source: Railway Age, April 9, 2021)
NEW YORK — At Cowen and Company, we are updating our rail models to reflect carload data and costs associated with severe weather and fuel in the first quarter. While demand rebounded following widespread winter storms, we have lowered our expectations for volumes and margins. The second quarter has far easier year-over-year comparisons, and second-half 2021 should be bolstered by rising pricing and an industrial recovery. Canadian Pacific (CP) and Kansas City Southern (KCS) remain focus stocks around the proposed merger transaction.
Full story: Railway Age
Monday, April 12, 2021
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