[dewilson58]

Lost $60,000,000 this last quarter.

Bond Rating dropped to a "B".
This is considered a "highly speculative" rating with "material default risk".

Ouch.

[Topspinmo]

Rail transport IMO hasn’t turned profit since 60’s if then? Overhaul few pockets up NE that may break even, but I bet it’s heavily subsidized? IMO I would buy lottery ticket before stock in rail service. At least with lottery ticket I know my odds.

[Rainger99]

Originally Posted by dewilson58

Lost $60,000,000 this last quarter.

Bond Rating dropped to a "B".
This is considered a "highly speculative" rating with "material default risk".

Ouch.

The good news is that they lost about $549 million in 2024 ($137.25 million per quarter) so they aren't losing as much this year.