NSC - Freightcar America gains on reports of Biden executive order on railroads

bjdlzx/iStock via Getty Images Freightcar America (RAIL) rose 4.8% after reports of a Biden administration executive order on railroads that deals with the competition in the industry. Kansas City Southern shares (KSU) as well as others railroad operators have been weak since a WSJ article reported on Biden's plans to release an executive order on the railroad and ocean shipping industries. KSU, which is selling itself to Canadian National (CNI) fell 7.3%, while CNI rose 0.4%. CSX Corp. dropped 5.4% and Norfolk Southern (NSC) fell 6.3%. It wasn't immediately clear why Freightcar shares were rising on the reported executive order, though there was definitely talk on Twitter about it. Freightcar makes railroad freight cars. Developing story ...

For further details see:

Freightcar America gains on reports of Biden executive order on railroads