Worsening Problems Among Railroads
Approaching Design on Future of Penn Central
The basic problem with most railroads is that they cannot make enough money. There are a host of well-known reasons for that. Competition has cut into their one-time monopoly in the freight business while airlines and automobiles have changed the nation's travel habits. The railroad industry is burdened with too much trackage and too many employees. It is heavily regulated by the federal government. Along with everything else, the industry has not always been blessed with management equal to these challenges. The upshot, according to a growing number of analysts, will be eventual nationalization. Many regard the quasi-governmental Amtrak system, which operates most of the country's remaining passenger trains, as the precursor of what will ...