To really assess the pipeline issues, anons must look at who makes money from pipeline demise
“The majority of track, and rolling stock, in the US is for freight hauling, and decades of consolidation and efficiency-building have reduced the country to only a small number of Class I railroads - each quite large, all privately held.”
• Union Pacific - 32,100 miles of route length, 8,500 locomotives. 44,500 employees
• BNSF Railway - 32,500 miles of route length, 8,000 locomotives, 41,000 employees. Buffet
• CSX - 21,000 miles route length, 4,000 locomotives, 29,000 employees
• Norfolk Southern - 20,000 miles route length, 4,100 locomotives, 30,000 employees.
• Kansas City Southern - 6,000 miles route length, 1,200 locomotives, 6,500 employees Gates
• Canadian National and Canadian Pacific both own track in the US, but are principally concentrated in Canada. Gates
>https://www.quora.com/Who-owns-the-railways-in-the-United-States-of-America
Nope, no monopolies amongst the biggest stakeholders in the rail world!
Vanguard Group, Inc: Union Pacific, CSX, Norfolk Southern, Kansas City Southern, Canadian Pacific
BlackRock: Union Pacific, CSX, Norfolk Southern, Kansas City Southern
State Street Corp: Union Pacific, CSX, Norfolk Southern, Kansas City Southern
Bank of America Corp: Union Pacific, CSX, Norfolk Southern
T Rowe Price Associates: Union Pacific, Norfolk Southern
Massachusetts Financial Services Corp: Union Pacific, Kansas City Southern, Canadian Pacific
Geode Capital management: Union Pacific, CSX, Kansas City Southern
Capital World Investors: CSX, Norfolk Southern
Capital Research and Management Company: CSX, Norfolk Southern
Northern Trust: CSX, Norfolk Southern, Kansas City Southern
Bank of New York Mellon: CSX, Kansas City Southern
Wells Fargo: Norfolk Southern, Kansas City Southern
Moar Sauce
>https://financhill.com/blog/investing/which-railroad-does-warren-buffett-own
> https://www.pinnacledigest.com/pinnacle-tv/bill-gates-owns-canadian-national-railway/
Not sure why Paul C Hilal lost almost $200 million selling off CSX stock a few weeks ago, might be worth a dig
>https://www.wallstreetzen.com/stocks/us/nasdaq/csx/ownership
There are other sale shenanigans in the rail world in recent months, too
>https://www.railwayage.com/news/pan-am-railways-sale-advances-to-stb/
>https://www.cnbc.com/2021/03/21/canadian-pacific-railway-to-buy-kansas-city-southern-for-25-billion-.html and < https://railway-news.com/canadian-pacific-objects-canadian-national-merger-waiver/
>https://www.nasdaq.com/articles/bombardiers-railway-sale-boosts-1q-profit-2021-05-06
>https://www.dispatchtribunal.com/2021/05/12/csx-co-nasdaqcsx-shares-bought-by-pillar-pacific-capital-management-llc.html