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TRAINS MAG. and Amtrak
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Very true, the railroads of today would be incapable of operating passenger trains like they were operated years ago. It is difficult to get a freight over the rails let alone keeeping a tight schedule for a passenger train. Much of the money that should have gone into capital improvements has gone into paying for overpriced mergers. The rails missed a golden opportunity in the last 20 years, instead of applying their new prosperity to the physical plant expansion that should have taken place, they plowed it into financing the merger movement and are now deeply mortgaged to the investment banks. this debt burden will take years to pay off and in the meantime it has been hard to find the dollars to increase capacity on key corriders where it is most needed. <br /> I can remember the same thing happening to REA in the 1960s, the railroads had a lock on the express business and let it all slip away to UPS and Federal Express. Without a fight.
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