Yes, the worst is over, provided two conditions are satisfied:
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- There is no second Covid-19 outbreak or case-wave. Then yes, the recovery should continue to benefit rail carload traffic volume.
- Condition is related to both small business recovery versus bankruptcy — and overall consumer demand (which is dependent upon consumer discretionary income levels).
- There is no second Covid-19 outbreak or case-wave. Then yes, the recovery should continue to benefit rail carload traffic volume.
Those are two important market demand considerations. And the railroads control neither.