Rail volumes could rebound in the second half of the year, but the pace of a rebound will depend largely on consumer confidence, executives from several Class I railroads cautioned at recent investor conferences.
There is still little visibility “in terms of how the consumer is going to reengage,” said Jennifer Hamann, chief financial officer for Union Pacific (NYSE: UNP) at a conference sponsored by investment firm Deutsche Bank on Tuesday. Hamann also spoke at an investor conference sponsored...