WASHINGTON — Thirty-year-high mortgage rates and a double-digit decrease in U.S. housing starts from a year ago has only curbed Class I railroads’ lumber business by about 3,300 carloads, down just 1%, compared to July 2023. Now proposed Federal interest rate cuts could rejuvenate residential housing starts and give railroads’ lumber business a jolt. U.S. […]
Railroads’ lumber business has weathered high interest rates; Fed interest rate cuts can only help: Analysis
