Class 1 Railroads with Matt Reustle of Business Breakdowns

Welcome to Episode 33 of the Preferred Shares Podcast.

In this episode, we talk in depth about North American’s Class 1 Railroads and the pending merger between Union Pacific and Norfolk Southern. Joining the conversation is Matt Reustle, a former analyst with Goldman Sachs covering the transportation sector. More recently, Matt has been the long-time host of the great Business Breakdowns podcast.

In This Episode

Defining Class 1 Rails

Key dynamics of the industry

The formation of the ICC and historic regulation, including the Staggers Act

E. Hunter Harrison and the rise of Precision Scheduled Railroading (PSR)

The ICC’s last big decision: the BN and SF merger

Key industry metrics and historical performance

Exploring the potential likelihood and impact of the proposed UNP NSC merger

Disclaimer

All opinions expressed by Preferred Shares hosts and guests are solely their own opinions and do not reflect the opinions of their respective employers. This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. None of the information contained in the podcast or this web site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person.