Trucking Dies & Railroads Fly When Diesel Fuel Crests $3.00
Jun 5th, 2008 | By Adam Lass | Category: Oil Investment & Alternative EnergyRail has a powerful tenfold advantage over trucking when fuel costs are high. Heavy Trucks require 3,357 BTU per short ton mile while Class 1 Railroads use only 341 BTU per short ton mile.
The moment diesel fuel crested $3/gallon trucking simply could not compete. This trend will only accelerate now that diesel prices have passed the $4 mark.
It’s no shock that mega-investors like Buffett and Soros are reinventing themselves as modern-day rail barons. You should, too:
- Buy CSX (CSX: NYSE)
- Sell Con-Way Frt. (CNW: NYSE)
Adam Lass
Senior Editor, WaveStrength Options Weekly
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Source: Trucking Dies & Railroads Fly When Diesel Fuel Crests $3.00
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