Analyst note: Lower US carload volume aiding intermodal service but extent unclear

Analyst note: Lower US carload volume aiding intermodal service but extent unclear

With carload volumes on the decline, and intermodal service on the incline, the temptation to link the two, or to go further, and claim one has caused the other, arises. The two networks overlap significantly, but operate differently and have significant exclusivity as well.

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