1 Stock Best Positioned to Ride Railroads' Post-COVID-19 Recovery
Canadian Pacific (NYSE: CP) reported a 9% year-over-year revenue decline, leading to a 5% dip in per-share earnings. Among them was Union Pacific's CEO Lance Fritz, who explained, "Demand is at or near peak-season levels." Cowen's analysts aggregated all the conference panelists' observations and similarly concluded, "Freight fundamentals across all modes are strong, with retail and CPG (consumer packaged goods) restocking of inventories a major driver of the current spike in demand."
