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RWM is correct, it was 1906 and the Elkins Act when the carriers lost "control" of their pricing to the ICC. In the Adamson Act they lost "control" of labor costs. With the creation of the Bureau of Roads they gained the competition of busses and trucks operating on taxpayer funded rights of ways. The wonder is not that the railroads had problems, the wonder is that they survived. The best single telling of this sorry tale, excluding the Bureau of Roads, is "Enterprise Denied"
Dale, This is a guess but I suspect that KCS earnings are way down while stock price has stayed relativly firm. That price has not dropped in line with earnings means that "the market" believes that the downturn is a short term problem and earnings will rise. Take a look at stock price and earnings over the past 3-5 years to test this hypothesis. Mac
[quote user="gabe"]I am following the UP case regarding their refusal to ship certain hazardous chemicals with some interest--although without a real opinion. [/quote] Gabe, I think the real real issue in the UP case I know about, which is chlorine from Utah, is rates. Once in a while the UP gets very inventive and I think this is one of them. Their claim is that the consignee has access to Chlorine from the Gulf Coast which would involve substantially fewer car miles. I don't understand
[quote user="PennsyCC1"] Well, these Indiana towns could grow if rail service is put in and rely less on trucks moving through the area. It sounds to me you are being too pessimistic and not optimistic . With a new rail line it could mean thousands of new jobs if they can attract new business and I think they could. [/quote] You have a great idea. Put your money on the line and rebuild it. It is called the "capitalist" or "free enterprise" system. Mac
[quote user="NKP guy"] I will say, again, that it always dismays me to read here comments from "railfans" who seemingly dislike passenger trains for financial reasons. [/quote] Oh those pesky financial reasons. The Government says I can have a big house, even though I can not make the payments. That worked so well we are ratcheting up the debt machine and passenger service is a minute part of it. When the rest of the world figures out that US government paper is no better than
NKP As a famous Illinois politician once said "A billion here, a billion there. After a while it adds up to real money." Mac
[quote user="henry6"]We don't have good passenger service, let alone High Speed Rail, in this country because big business did not see a return on investment worth going after in the mid part of the 20th Century! [/quote] Henry, your statement is true but you need to ask why the railroads did not see any possibility of a return on investment in passenger trains after WWII. First you should note that there WAS substantial investment in the immediate post war period, say 1946-1957. I
RWM Great explanation of marketing considerations, which by definition railfans do not see. Thank you Mac
Another way to answer this is 65,000 to 70,000 pounds per axle. Variation per railroad's practice and intended service. Hot intermodal tend to be light, coal drag power tend to be heavy.
[quote user="CShaveRR"]And wasn't it loads of ethylene that took out N&W's Decatur yard in the 1970s?[/quote] Decatur in the 1970's was LPG, I do not remember whether it was propane or butane. Some switch forman got PO'ed about something and kicked a cut way too hard punctured the head of one of them which dropped the whole 30,000 gallons of liquid which vaporized into 280 volumes of vapor which found an ignition source. Mac
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