freight

The deal still must overcome regulatory review that, if successful, would create the first transcontinental freight railroad in the U.S.

Conditions in freight remain challenging and the uncertain economic environment due to tariff changes and foreign exchange headwinds were cited for the cut to guidance, they add.

What’s different this time—and I write this acknowledging the freight that phrase carries—is that previous crashes were preceded by tight Fed policies.

While the ocean freight peak season was a bit weak and came early, management believes most of the imports have not yet moved through the inland supply chain, the analysts say.

The company’s intermodal—freight which moves by both truck and rail—expanded profit margins on little volume growth, but the truckload business realized lower income on higher sales.