Railroad stocks march to their own drummer

• Stocks related to the railroad industry are largely higher on the day as the sector seems to be marching to its own tune apart from oil prices and macroeconomic news.
• Significant gainers include Greenbrier (GBX +8%), Genesee & Wyoming (GWR +7%), Canadian Pacific (CP +6.1%), Norfolk Southern (NSC +3.6%), and Trinity Industries (TRN +5.4%).
• On a related front, Canadian Pacific put out a white paper on its merger path with Norfolk Southern. Analysts have been bickering about what M&A premium to apply to many of the rails.