OMAHA, Neb. – Major U.S. freight railroads expect their business to fare well as long as the economy continues growing despite President-elect Donald Trump's promises to overhaul U.S. trade policy and renegotiate bad deals.
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Railroad executives didn't seem worried about major trade changes Wednesday when they spoke at a Credit Suisse investor conference.
And railroads would benefit if major infrastructure projects are approved or the Trump administration relaxes environmental restrictions on coal.
Union Pacific Chief Financial Officer Rob Knight says he thinks logic will prevail because trade is needed for economic growth.
Edward Jones analyst Dan Sherman says that based on the people Trump has picked to join his cabinet he doesn't expect major changes in trade.