Class I railroads forecast modest recovery in 2010

12/10/2009 | ProgressiveRailroading.com

Top railroad executives are predicting a gradual recovery in 2010 traffic levels after a disappointing 2009. There were signals that the economy hit bottom in the third quarter, when Class I's began to see a modest uptick in traffic. CSX CEO Michael Ward said his company's carloads in the third quarter were up 3% to 6% from the second quarter, bucking a seasonal pattern that usually produces a slight decline over that period.

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