Industry & Services >> Analyst Interviews >> December 8, 2008

OUTLOOK FOR RAILROADS – KEVIN KIRKEBY – STANDARD & POOR’S

Kevin Kirkeby is an Industry Analyst within Standard & Poor's U.S. Equity Research department, covering a broad array of industrial companies. His coverage includes railroads and trucking companies, as well as industrial equipment and aircraft lessors. He also authors the twice-yearly Commercial Transportation survey. Prior to joining S&P, he was a financial communications consultant with HF Global Consulting Group and Golin/Harris International. During that time he advised corporate managements across a wide range of industries, from manufacturing to food producers, on their investor relations strategies. He was also involved in supporting M&A transactions, IPOs, and corporate bankruptcies. He began his Wall Street career at Dillon, Read & Co. in 1992, subsequently joining Robert Fleming Securities to be a part of their global equities research team. He received a BA degree in Economics from Concordia College. He is a member of the New York Society of Security Analysts and is a CFA charterholder. Profile
TWST: How have the railroads held up from a business perspective in this rather

weird economy?

Mr. Kirkeby: The rails have remained focused on improving their operations,

despite, as you