Report title:

Annual Outlook: North American Railroads Poised for Slow Recovery

from Moody's Global Credit Research
9 page (3700 word) report published Oct 29, 2009

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About Moody's Global Credit Research

...Our outlook for the North American railroad industry is stable. This outlook expresses our expectations for the fundamental credit conditions in the industry over the next 12 to 18 months. We expect railroad freight volumes to recover slowly from their cyclical trough, with carloads up 5% to 8% in 2010 and 10% in 2011. Demand will remain well below recent peak levels for some time. Despite pressure on demand, railroads' pricing power should hold up due to service improvements and repricing of unfavorable legacy contracts. Regulatory factors are looming, but there are no immediate threats....

Report Type: Industry Outlook
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