Deutsche Bank Discusses Impacts Of Mississippi Flood On Railroads (CSX, NSC)
In a note to investors, Deutsche Bank writes, "We have spoken with our oil analysts, transportation contacts, as well as various grain and dry bulk shippers, and our contacts believe there will be little major impact across our transportation coverage as a result of the recent Mississippi flooding. Barge traffic and to-a-lesser-extent rail service have been impacted by flooding. Thus-far railroads RA, GWR, CSX, and NSC appear to be the most impacted. The release of water down the spillways has spared most of the refiners in the region, resulting in only a modest impact to refinery output."
Shares of CSX lost 33 cents yesterday to close at $74.42, a loss of 0.44%, while NSC lost 20 cents to close at $71.37.
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