Spot the odd one out...
Driven by a major plunge in KSU (after its energy-based lower outlook headlines), which drags UNP and NSC lower, Dow Transports have plunged and erased all post-FOMC gains... (KSU -57 TRAN Pts, UNP -27 TRAN Pts, NS -20 TRAN Pts)
[4]
Who could have seen this coming? Certainly not CSX CEO [5]...
...rail freight transportation company CSX's CEO Michael Ward stated
'unequivocally' that as far as the movement of crude by rail he has "not seen any changes," suggesting everything's fine down to $30-35 oil and "expected no impact on crude shipments."
