Five railroad stocks reach 12-month high
Written by William C. Vantuono, Editor-in-ChiefAs the Dow Jones Industrial Average Ave reached a level Thursday that wiped out its recession losses, five of North America’s six major railroad were setting records of their own.
New 12-monh highs were were set by CSX, which climbed from a low of 42.05 to 62.53; Canadian Pacific, which went from 45.52 to 65.24; Kansas City Southern, from 25.98 to 45.68; Norfolk Southern, from 46.18 to 62,22; and Union Pacific, from 58.86 to 91.72.
Canadian National fell just shy of a 12-month high, but its stock increased from 49.15 to 66.23.
The Dow Jones Industrials closed Thursday at 11,434,84, the highest since Sept. 8, 2008, just before the Lehman bankruptcy set off events that plunged the nation into its deepest recession in 80 years.
