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The railroad industry is recovering from its pandemic lows, owing to the gradual easing of COVID-19 restrictions and the resumption of industrial activities. President Biden’s proposed infrastructure spending, which includes a general federal transportation support reauthorization, is expected to be a boon for the railroad industry. The market size of the U.S. rail transportation industry is expected to increase by 9.8% in 2021. So, both UNP and CSX should benefit.
While UNP share price has declined 3.2% year-to-date, CSX has surged marginally. CSX is a clear winner with 14.4% price gains versus UNP’s negative returns in terms of their past year’s performance. But which of these stocks is a better pick now? Let’s find out.
