Moody’s Investor Services has upgraded its outlook for the North American rail industry from negative to stable amid expectations that rail volumes will continue to grow in 2021.
Moody’s expects volumes for most types of freight to grow over the next 12 to 18 months, with intermodal shipments rising at “a mid-single-digit pace,” the bond credit rating firm said Friday.
That intermodal growth will be driven by several factors, including Moody’s expectations for consumer spending and currently low...
https://s29755.pcdn.co/news/moodys-views-us-freight-rail-as-stable-in-2021