Legal and Regulatory Indecision I'm not buying the argument revenue is down due to legal challenges to tank car safety regulations or even the delay in making those regs public.
Number one . Surely the industry worked with the regulators and knew what was on the table.
Number two. Safety issues can not be postponed without penalty. The insurance industry is sure to up premiums on inferior operators.
Number three. The industry knows these regulations are going to be in place and I am sure they have initiated their improvement programs.
Number four. The rail car builders are running full tilt.
I think the drop in oil has caused investors to become nervous along with the revenue miss.
Blaming the revenue miss on regulatory issues is a tough sell for me.