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04.03.2015 17:40:00
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Moody's: Slowdown in oil shipments will not derail North American railroad freight growth
New York, March 04, 2015 -- A slowdown in the growth of crude oil shipments in the wake of lower oil prices will not impact overall freight volumes enough for Moody's Investors Service to change its positive outlook on the North American railroad industry. Petroleum-related shipments would likely have to contract by approximately 15% for Moody's to change to a stable outlook, assuming other expectations are met, which we consider unlikely in 2015.
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