Read-Throughs From Class I Earnings: Cowen
Written by William C. Vantuono, Editor-in-ChiefClass I railroad capital expenditures “could decline by high single-digits to mid-teens this year,” Cowen and Company freight transportation analyst Matt Elkott notes in a Jan. 30 report, “but it is not all bad news,” at least for one supplier.
![“Thanks to Secretary Pete [Buttigieg], USDOT, the Federal Railroad Administration and all our partners for making the S-Line passenger rail a reality!!” NCDOT Secretary Joey Hopkins said in a July 1 LinkedIn post. “Thanks to the hard work of our NCDOT team we broke ground on the first construction project in the Raleigh to Wake Forest segment, a $19M project to grade separate Durant Road 7 months after the grant announcement!!” (Photograph Courtesy of Joey Hopkins)](https://www.railwayage.com/wp-content/uploads/2024/07/slinelead-315x168.png)