Monday, September 10, 2007

Should I Be Buying Railroad Stock?

I've been hearing a lot lately about the resurgence of rail. With gasoline prices rising now and almost certainly skyrocketing in the near future, railroads look like a fantastically efficient way to move goods around the country again. They can haul triple the amount of freight for the same amount of fuel as a truck.

St. Petersburg Times writes about it here.

Warren Buffet and Carl Icahn are investing in railroad stocks according to the Daily Reckoning Website.

Forbes talks about railroad companies reinvesting here.

All this while I'm re-listening to book mp3 of Atlas Shrugged, a 1950s era novel which centers on the railroad industry of the time. I love to listen to it everytime I need a shove in my level of productivity. This book makes me want to work harder.

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