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Page added on May 31, 2008

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Norfolk Southern: In the era of record oil prices, the railroads are roaring

Readers of this space know that one of the preferred sectors is the railroad sector. The once near-rust-belt level sector has experienced a revival at the start of the globalization age, and compelling economic trends document the commerce-based underpinnings of this revival.


Most transportation officials agree that the U.S. transportation infrastructure — highways, roads, bridges, mass transit systems — is in need of a major upgrade in order to meet the nation’s vehicle transportation needs of the 21st century.


The nation’s public officials will begin to address the above concern in the years ahead, as public funds become available, but until they do, and due to crude oil’s sustained high price, an opportunity has emerged for another transportation form: you guessed it, the railroads.


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