While margin gains from current levels are expected, PSR (Precision Scheduled Railroading) is no longer the investor story it once was, and the railroads must prove they can grow to maintain their premium multiples.
In this wide-ranging conversation with Railway Age Editor-in-Chief, William Vantuono, Wall Street Contributing Editor, Jason Seidl and Managing Director at TD Cowen, explores the factors that can drive railroad market share growth, including high-quality, consistently reliable service; ease of doing business; industrial development projects; regulatory relief allowing technological advancement; and potential mergers producing a U.S. transcontinental network. While the track record for industry volume growth has been questionable, Seidl views the growth levers as “largely in railroad control.”
Click below to listen to the podcast. It is also available to stream and download via the Rail Group on Air feed on Apple Podcasts, Google Play and Soundcloud.
