In a way they (Burlington Northern) are a victim of their own success. They had a strong quarter and are doing well, but for some eight quarters, the market is used to them coming in significantly above expectations. |
It's clear that UP takes the issue seriously. It takes time and money to lay new track, so they have to be sure of long-term returns. |
Planning and looking beyond the next few days is absolutely the right thing for the railroads to do. |
There may be investors out there who looked at these results and decided to take their money off the table and take another look at the railroads. |