3 Freight Railroad Stocks Traded by U.S. Politicians
The railroad industry has caught the market’s attention lately as the federal regulator, the Surface Transportation Board (STB), highlighted issues and suggested ways to revitalize the country’s freight services. Notably, the U.S. freight railroad industry is dominated by a few big players, including Union Pacific Corporation (NYSE:UNP), CSX Corporation (NASDAQ:CSX), and Norfolk Southern Corporation (NYSE:NSC). Interestingly, these companies are part of the portfolios of some prominent U.S. politicians as well. The Chairman of STB, Martin Oberman, hinted that the railroad industry is plagued with supply-chain issues. These headwinds are the byproduct of companies reducing their human resources to stay profitable in the business over the years.
3 Freight Railroad Stocks Traded by U.S. Politicians
The railroad industry has caught the market’s attention lately as the federal regulator, the Surface Transportation Board (STB), highlighted issues and suggested ways to revitalize the country’s freight services. Notably, the U.S. freight railroad industry is dominated by a few big players, including Union Pacific Corporation (NYSE:UNP), CSX Corporation (NASDAQ:CSX), and Norfolk Southern Corporation (NYSE:NSC). Interestingly, these companies are part of the portfolios of some prominent U.S. politicians as well. The Chairman of STB, Martin Oberman, hinted that the railroad industry is plagued with supply-chain issues. These headwinds are the byproduct of companies reducing their human resources to stay profitable in the business over the years.