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So far this quarter that's pretty devastating for the rail industry and then you also have a cold which is also

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What time ten twenty six now Bloomberg moneywatch on ten ten wins we know the corona virus pandemic has hit hotels stores restaurants and airlines but it's also taking a toll on heavy industry America's freight rail road saw a major drop in business moving certain kinds of cargo with automotive shutdowns volumes are down around almost ninety percent so far this quarter that's pretty devastating for the rail industry and then you also have a cold which is also in down around thirty six percent Bloomberg intelligence analyst Lee class hill says some railroads such as Norfolk southern union Pacific in Kansas city southern or taking a bigger hit than others in terms of lost cargo volume but overall he says the freight railroads are in relatively good shape to weather the downturn with healthy balance sheets and the ability to remove rail cars as needed temporary worker furloughs and cheap crude will also help to keep costs down though you know a lot of these rails that come out of this downturn of quality to be a lot stronger Bloomberg moneywatch at twenty six and fifty six past every hour I'm Gina survey for ten ten wins wins news time ten twenty seven for

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So far this quarter that's pretty devastating for the rail industry and then you also have a cold which is also

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