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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.

Morningstar Minute: Rails Are Just the Ticket for Wide Moats
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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.

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Keith Schoonmaker does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.