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Toughest Challenge for Railroads in Coming Years ?
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<P mce_keep="true">[quote user="Paul_D_North_Jr"]<SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><U>Question<SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">:</SPAN></U> What might happen - either now, soon, or in the near future, say within the next 3 to 5 years - that would challenge the profitability, propserity, and maybe even survival of the railroad business and railroad operations as we now know them <SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">?</SPAN></SPAN></SPAN>[/quote]</P> <P mce_keep="true"> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT face=georgia,palatino>I think the main problem for railroads is not going to be with the railroads per se, but rather with the effect on railroads due to the onset of a prolonged contraction of prosperity, growth, and consumption in the U.S. economy.<SPAN style="mso-spacerun: yes"> </SPAN>Right now, it appears as though we are going through a recession merely as the normal pattern of the business cycles.<SPAN style="mso-spacerun: yes"> However, </SPAN>I suspect that the passage of time will prove that this so-called recession is actually a permanent transformation of the economy rather than a typical business cycle recession.<SPAN style="mso-spacerun: yes"> </SPAN></FONT></FONT></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=georgia,palatino></FONT></SPAN> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=georgia,palatino>It is the shrinkage of business that always seems to be the hardest problem for railroads to fight.<SPAN style="mso-spacerun: yes"> </SPAN>Many have disappeared while attempting to fight that fight.<SPAN style="mso-spacerun: yes"> </SPAN>I think we are heading into the age of lean and mean.<SPAN style="mso-spacerun: yes"> </SPAN></FONT></SPAN></P>
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