Railroads Hit by Shipping Decline that Cuts Deeply into Earnings.

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    • Subject Terms:
      UNITED States
    • Abstract:
      The article discusses the affected earnings of railroads in the U.S. for the first quarter of 2009 due to shipping decline as industry analysts suggest that the ill effects of the recession are over. The railroads that were affected include Union Pacific Railroad Co., Burlington Northern Santa Fe Corp., and Norfolk Southern Corp. William Greene of Morgan Stanley & Co. Inc. expects good perfromance by rails while Rich Paterson of UBS AG comments on the worst conditions of the economy.