Trade wars could further dampen rail demand

摘要

The US trade war with China and the slow progress on ratifica- tion of the US-Mexico-Canada (USMCA) free trade agreement likely will be key topics of discussion this month, when the railroads release their quarterly earnings results and update their outlooks for the near future. Trade disputes have “certainly impacted us within our in- termodal franchise, within our merchandise franchise and our export coal franchise as well,” Norfolk Southern chief market- ing officer Alan Shaw said on 4 September at the Cowen Global Transportation Conference in Boston, Massachusetts.