Table of Contents Page
Railroads - Key Conclusions 2
Trucking – Key Conclusions 9
General Freight and Macro - Key Conclusions 18
APPENDIX
Thesis Summary 27
Comp Sheets 29
About the Survey 38
General Freight Trends:
General Freight Trends 44
Macro Trends 58
Railroads:
Rail Thesis Chart 65
Key Rail Trends 67
Rail Special Topics 78
Trucks:
Key Truck Trends 86
Truck Special Topics 111
Industry Historical P/E Multiples 115