Supply chain congestion, weather-related incidents such as wildfires and Hurricane Ida, and ongoing automotive production challenges could force the Class I railroads to revise their financial outlooks for 2021, according to a note from investment firm Cowen.
“We revise our rail carloadings and reflect cost implications to lower our Q3 rail estimates below consensus forecasts; we see Q3 consensus as stale and see further downward revisions. Given network challenges, we see a scenario where rails...
https://www.freightwaves.com/news/congestion-weather-and-chip-shortages-cloud-rails-outlook-cowen