Industry has been heavily reliant upon railroads since the railroad’s invention. The Transcontinental Railroad was considered a huge feat in its time and allowed easy transportation of resources, goods, and people throughout the United States. Those railroads are still in place today and are vital to the distribution of goods. Investors, knowing the importance of railroads, continue betting on the railroad. Warren Buffet even offered his take on railroads and he and Berkshire Hathaway (NYSE:BRK.A) have invested in railroads such as Union Pacific (NYSE:UNP) and Norfolk Southern (NSC).
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