Industry & Services >> Analyst Interviews >> September 23, 2002

Railroad Stocks: Rick Paterson – Ubs Warburg

RICK PATERSON is an associate director in the transportation group of UBS Investment Research. He specializes in coverage of airfreight and surface transportation companies. Prior to joining UBS, Mr. Paterson was an analyst in strategic planning, finance, and intermodal sales and marketing for the National Rail Corporation in Australia, where he began his career. Mr. Paterson holds a Bachelor of Economics and Commerce from the University of Melbourne, Australia. Profile
TWST: How would you summarize 2002 for the railroads? What kind

of year has it been?

Mr. Paterson: It's been a good year so far for the rails. The

stocks have remained fairly flat as the