henry6One of the problems too many passenger rail advocates and the general public has is thinking passenger trains, services, and technologies from past centuries rather than the capablities of today and of the future.
No kidding. You guys clubbed me when I remarked about Newark-NYP connections earlier. Lighten up.
CSSHEGEWISCH Also keep in mind that the passenger fares in 1957 were kept lower by regulators who implied an internal cross-subsidy of passenger service by higher freight rates.
Also keep in mind that the passenger fares in 1957 were kept lower by regulators who implied an internal cross-subsidy of passenger service by higher freight rates.
The ICC did a massive study of rail passenger train deficits in 1958 based largely on 1957 operating results. I no longer have a copy but, as I recall, they calculated that the national passenger deficit for 1957 was $650,000,000. That equates to about $2 billion in current dollars.
Our community is FREE to join. To participate you must either login or register for an account.