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Railroads Tumble as Oil's Slide Seen Slowing Crude Shipments

2014-12-02 03:12:12| Railroads - Topix.net

North American railroad stocks tumbled for a second day on growing concern that falling oil prices will curtail surging shipments of crude by train. CSX Corp. slid 3.9 percent in U.S. trading, extending a two-day decline in the Standard & Poor's 500 Railroads Index to the biggest since September 2011.

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