Lyft said it is investing in the business so it is positioned to benefit in an expected rideshare rebound, perhaps as early as Q2.
As U.S. weekly carloads have trended lower for months, rail industry stakeholders discuss how to relieve the railcar supply glut.
Nikola experienced a V-shaped recovery in its share price as storytelling in place of revenue drives enthusiasm and disdain for publicly traded electric truck startups.
Year-to-date U.S. rail traffic down 3.8 percent from the same period in 2018.
With enough investor capital and vision, profit might not matter as much as analysts think.
The three stocks get an upgrade not just on Cowen’s optimistic view of the market, but by how much their prices have been hit.
A number of rail equipment lessors and manufacturers have been merging and consolidating in recent months as a way to leverage themselves against marketplace changes brought about by precision scheduled railroading. Meanwhile, industry observers are watching whether railcar utilization grow in 2019.
A Norfolk Southern executive suggested that the company’s management will have a lot to talk about on its next quarterly earnings call.
