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Buffett’s Burlington buy – passengers, not freight?
Thanks, appreciate the good feedback. Rail cannot compete effectively with barge traffic on the Mississippi that is moving product for export. The barge volumes are massive, with low unit costs. I don't discount rail becoming more competitive on ag traffic, but it will be marginal rather than significant.
Clean coal or not, I do not see a large increase in volumes compared with what we have already seen. Nuclear is going to eat into all the potential growth for a long while.
That said, I do not totally discount a situation that would unlock the mindless 'greening' now going on. That would be coal positive.
Nov 4 08:55 AM
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