An Ideal Investment for Long-Term Investors
With a strong history, railroads are likely to remain a constant presence well into the future.
When it comes to investing, boring is often best, and there may be no more mundane a sector than railroads.
For nearly 200 years, rail companies have been shipping goods. While freights have changed and CEOs have come and gone, these businesses continue to transport goods across North America. It's this constant presence that makes railroads an ideal holding for long-term investors, says Keith Schoonmaker, Morningstar's director of industrials equity research.
Bryan Borzykowski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.