Morningstar Minute: Rails Are Just the Ticket for Wide Moats
Class I railroads have cost advantages and scale efficiencies that give them a competitive edge over lesser players.
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Keith Schoonmaker: At Morningstar, we attribute wide moats to the Class I rails due to cost advantage and efficient scale. Let's look at some individual railroads.
Keith Schoonmaker does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.