In response to:

Why Freight Rail Pays and Passenger Trains Flunk

dmacleo Wrote: Apr 01, 2013 4:12 PM
actually it won't. its short 1.5 million given to me to sign off on it. once thats done the plan is golden and I PROMISE it will work :)
Forty years ago, American railroads were in trouble. The Penn Central, the largest railroad, had recently gone bankrupt.

American freight rail was technologically obsolescent and hamstrung by union rules and government rate regulation. American passenger rail was unprofitable and unreliable.

Freight rail was losing business to trucking firms. Passenger rail was losing out to cars on the new interstate highways and airplanes on long routes.

The past 40 years have seen a laboratory experiment on how to revive railroads. Government has gotten out of freight rail, while passenger rail has become largely a public sector function.

We've had a chance to...