by Michael Barone. 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 ... MOREWhy Freight Rail Pays And Passenger Trains Flunk
by Michael Barone. 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 ... MORE