Companies like Union Pacific Corporation (NYSE: UNP) and CSX Corporation (NYSE: CSX) may have sold off today, but growing global trade and rising fuel costs are turning this once-dull industry into a booming business. This year alone, the railroad industry is set to spend about $10 billion on new tracks, switchyards, terminals and tunnels. Meanwhile, the U.S. Department of Transportation expect freight rail tonnage to rise nearly 90 percent by 2035. This is all great news for railroad bulls.More.....
