Jim Cramer (Mad Money) did a great segment tonight on how UNP Stock is doing great, in a very questionable economy. He talked about how their intermodal demand was so high, that they were losing customers because they didn't have enough Well/Spine Cars to carry the containers. They were actually purchasing more freight cars, and taken over 2500 Employees off of furlow, and put them back on the job, leaving just about 2000 employees out of work. At that rate, everyone will be back on the job in a matter of months.
I guess this is just a sign of how shipping by rail will always be the way to go.
Steve
I guess this is just a sign of how shipping by rail will always be the way to go.
Steve