Dec. 8, 2014, 3:20 PM
- Another tough day for railroad stocks as oil prices slide again.
- There's been some brave talk that the railroad sector has already seen the developments in the oil industry factored into share prices, but today's action indicates concerns on crude transport is still a concern.
- Decliners: Canadian Pacific (NYSE:CP) -5.5%, Canadian National Railway (NYSE:CNI) -1.7%, Genesee & Wyoming (NYSE:GWR) -2.9%, Kansas City Southern (NYSE:KSU) -2.7%, Union Pacific (NYSE:UNP) -3.1%, CSX Corporation (NYSE:CSX) -2.8%, Norfolk Southern (NYSE:NSC) -3.5%, Pioneer Railcorp (OTCPK:PRRR) -4.3%.
Pioneer Railcorp is a railroad holding company that owns/operates 23 rail operations in 13 states including a railroad equipment company and a contract switching services company and several other railroad related businesses.
Country: United States