RAIL TRANSPORT Intermodal is moving fast and steel wheels are rolling hot
Aug 01, 2007 | 06:59 AM
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The North American steel industry might decry imports, but don't expect to hear any anti-import rhetoric from the railroad industry.
Perhaps more than any other factor, imports have helped drive profits and shipments to record levels in recent years, railroad industry sources said. And many believe they are responsible for much of the industry's long-term optimism.
"From tennis shoes to television sets . . . there's been a fairly significant sea change where manufacturing is moving offshore, and the goods that Americans desire are coming back to us in containers," said a spokesman for Jacksonville, Fla.,-based CSX Corp.....
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