Opinion

Commentary

The ‘G&W Way’ Sustains and Guide Us

CEO PERSPECTIVES, RAILWAY AGE APRIL 2025 ISSUE: Fresh off our celebratory 125th year, G&W is intensely focused on converting opportunities from our robust commercial pipeline into tangible business and driving more freight traffic to rail.

Katie Farmer, President and CEO, BNSF. (Photograph Courtesy of BNSF)
Commentary

Resiliency and Capacity Create Top-Line Growth

CEO PERSPECTIVES, RAILWAY AGE APRIL 2025 ISSUE: At BNSF, our Southern Transcon is the busiest route along our vast 32,500-mile network, stretching 2,200 miles from Southern California to Chicago. In fact, 70%

(Norfolk Southern Photograph)
Commentary

TD Cowen 1Q25 Earnings Preview

We adjust our models ahead of a first quarter that came with severe weather, pull forward, and growing macro uncertainties that could limit upside over the near term. We broadly lower estimates

(Union Pacific Photograph)
Commentary

TD Cowen 1Q25 Rail Shipper Survey Says …

Rate hike expectations fell 20bps sequentially, trending below the survey’s LT average. Business growth fell sharply to levels not seen since COVID. Economic confidence fell back to pre-election levels as optimism fades. 44% of shippers pulled freight forward ahead of tariffs as uncertainties grow. We are cautious on the rail group ahead of earnings, and favor Union Pacific (UP) for U.S. rail exposure.