Norfolk Southern (NSC)

Of the 4 surviving railroads in the US, it has been a longer term winner. Rails are very fuel efficient and very efficient in a general way of moving freight around the country. Also has a very big export coal business which is very dependent on what is happening in the steel industry. Good longer-term possibilities.

Railroad. Has been knocked down because of fears of recession, double dip. Lean and well run. Very much likes this company.

One should look at the rails, truckers and air express companies as the pulse of the US economy so you own this one if you think the US economy is gaining momentum here. He doesn’t have enough conviction to feel the US economy looks really good, but it’s OK. Prefers Canadian National (CNR-T).