The golden age of the railroad is back, saysGary Kaminsky. TheNeuberger Berman managing director says "the rail story" is a key to America's economy now -- and he told CNBC which rail stocks his firm holds.
"Rail moves everything: coal, grains," said Kaminsky, who will retire from his MD post at Neuberger on June 30.
And he said the railroads are going to keep growing, as trains are helping companies avoid the soaring costs of gasoline- and diesel-powered automotive carting, as oil prices climb.
"In the Midwest, you see the 18-wheelers [used for transporting goods]...coming from California, are actually onthe trains," he said. "The rail story...is separate within the transports."