Class I railroads upbeat about intermodal in 2021

Class I rail executives are hoping anticipated higher North American intermodal volumes will be a moneymaker for their companies in 2021.

The COVID-19 pandemic is continuing to spur high e-commerce levels, with consumer spending expected to remain elevated, executives said over the last two weeks in fourth-quarter earnings calls to investors and analysts. Meanwhile, executives also hope to convert some truck volumes to rail amid the tight truck market.

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