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I don't think the Bloomberg video said much. Mostly discussed recent share prices.

Here's my take posted on the Railroad's discussion board (and cross posted on Berkshire Hathaway)--

CSX reported: "CSX's Q2 operating income grew 2 percent to $1.31 billion from $1.28 billion a year ago. Volume fell 4 percent to 1.58 million units, with merchandise traffic up 1 percent to 697,000 units but intermodal loads down 10 percent to 658,000 units."

https://www.progressiverailroading.com/csx_transportation/ne...

Rail shipment data seem to indicate the US economy is slowing down. Why? Possibly tariffs and trade battles with China, Brexit concerns, and inverted yield curve are causing businesses to be cautious about new investments and/or building too much inventory.

These are probably the same numbers the Federal Reserve Board is watching as they consider a cut in interest rates.

But then how did Canada (ie Canadian Pacific) manage to avoid this problem. Regional problems? Conflict with Mexico? Companies avoiding the tariffs by shipping to Canada when possible?

CP reported an earning beat yesterday.
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