Here's a summary of the largest railroads. The numbers are quite impressive.
Largest N.A. Public Railraod Cos
Union Pacific (UNP)
Market Cap: 53B
Forward P/E: 12
PEG: .83
Net Income (TTM): 3.3B
Return on Equity: 18%
Canadian National (CNI)
Market cap: 35.40B
Forward P/E: 13.5
PEG: 1.38
Net Income (TTM): 2.5B
Return on Equity: 23%
CSX (CSX)
Market Cap: 23.1 B
Forward P/E: 10.56
PEG: .83
Net Income (TTM): 1.8B
Return on Equity: 21%
Norfolk Southern (NSC)
Market Cap: $22 B
Forward P/E: 10
PEG: .70
Net Income (TTM): 1.9B
Return on Equity: 19%
This is confusing to me, because their are plenty of viable railraods.
There is this railroad called Burlington Northern, which Berkshire Hathaway bought for $34B back in 2009.
We still have Union Pacific, CSX, and Norfolk Southern.
CSX has a market cap of 23B and net income of $1.8B per year!
Of course, I know you are talking about passenger railways, but I'm just pointing out... there are plenty of railroads making money!
@Value Hiker, you made my day with your post sharing your "trip in reverse." It's one of the things that I love about participating in IU's comment boards that we can transcend business and have conversations like that!
If you left your heart in San Francisco as I did, we'll have to have that talk one day, too...
And @Scott, you can see that the Montana Fan Club is growing by the day!
Street Smart, I travelled the other way around after landing my first job. I drove from Chicago to Seattle, then to San Francisco. It was also the best trip I ever had. I still remember acres after acres sunflowers fields at Idaho, the crispy air in Montana, and the winding road cross Glacier National Park...
Maybe I shall try to take the train some time after I am too old to drive 800 miles a day ...
That sounds like a great way to spend a day @Street Smart.
Any train buff who finds him or herself in Los Angeles, really MUST go visit Traveltown. Among the other activities, there are train cars parked and kids (and kids at heart) can climb all over them.
They do picnics and birthday parties, and it is not to be missed!
http://traveltown.org/
There's also the Edaville Railroad on Cape Cod, a rail museum and narrow gauge railroad trip through the cranberry bogs that is pretty great!
http://www.edaville.com/
I have been a train buff since I was a child and my dad and I used to watch freight trains pass through. He would always put a penny on the tracks and have the train squash it for me.
When we moved to California, we would take the train back every summer to visit the midwestern relatives.
The BEST train trip of my life was after I graduated from business school and had to make my way to New York for my permanent job. Having spent the two prior years on planes going from interview to interview, I opted to take the Empire Builder from Seattle to Chicago, stopping off in Montana for a week. The scenery was heaven and I had one of those sleeper car berths, which was pretty cool.
I'd also HIGHLY recommend the night train from Edinburgh to London. It's from a different, more gracious era.
But as you might imagine, the Orient Express is on my bucket list FOR SURE!
I am also a rail fan, a few years ago my wife and I traveled from RI to MD via train, it was a great trip, we had a blast. and more recently we were in Nashville, TN and stayed at the Union Station Hotel which used to be the train station way back when..
But now livign in Cleveland I get to see a lot of frieght trains, and they can be very impressive to just watch.
I rode the train recently from NYC to Washington DC. Except for the start and end of the trip through NYC's Penn Station -- which sucks -- it was really a pleasant experience. The train was clean and comfortable, and I really have nothing to complain about, including the price.
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