But stockholders aren't the only stakeholders in a business. As short line marketers we know this very well.
Savvy investors know it, too.
In the overall field of goods movement the clear leader, unsurprisingly, was the trucking industry. I forecasts, moreover, are based on revenues that are essentially flat. I watchers know very well how they're going to do that. But cutting expenses ultimately means not running trains, which means cutting service opportunities. In turn, this means less chance to add value to the service package, and less chance to grow the top line.