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Barron's Streetwise

Rough Ride for Railroads. Plus, Big Tech Earnings Preview

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 22 July 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

U.S. freight rails need more workers in a hurry, but there are few takers. And what investors should expect from Amazon, Apple, and others. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Mailchimp would like to talk to you about customers.

0:03.6

A customer is what happens when marketers fail to personalise their marketing,

0:07.7

grouping customers with very different behaviours into one tangled mess.

0:11.8

But with MailChimp, marketers can use real-time behaviour data to personalise every email for every customer.

0:18.2

So get MailChimp and turn your customers into customers.

0:22.4

Into it MailChimp, the number one email marketing and automation brand.

0:26.8

Based on customer numbers for verification email, advertising at MailChimp.com.

0:31.8

Even with less volume, we've seen the rails really struggle to be able to hold up

0:36.0

their end of the bargain from a service perspective.

0:38.3

Headcount seems to be a big piece of that.

0:40.8

All of the rails have talked about trying to hire a sort of long pipeline and extensive

0:46.2

training process that goes into bringing new employees onto the network.

0:50.1

But they've struggled to do that.

0:52.0

Hello and welcome to the Baron Streetwise Podcast.

0:57.6

I'm Jack Howe and the voice you just heard is Christian Weatherby.

1:01.9

He's a transportation analyst at City Group and he's talking about freight railroads.

1:07.0

They've been solid stock market performers over the past decade but

1:10.8

services have been slipping.

1:12.4

And workers are unhappy.

1:14.4

The industry just narrowly avoided a strike.

1:17.6

Christian thinks railroad earnings estimates could be too high.

1:21.6

We'll hear more about that in a moment.

...

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