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Great issue...very informative on electrification...
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>Here is a paper by the AAR Policy and Economics Department describing the evolution of the U.S. railroad business from the beginning and into the future.<SPAN style="mso-spacerun: yes"> </SPAN>It says nothing about electrification, windmills, greenhouse gases, or a national transportation system. </FONT></P><FONT face=verdana,geneva> <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> </FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A href="http://www.aar.org/InCongress/~/media/AAR/BackgroundPapers/Railroad_History_Sept2009.ashx" mce_href="http://www.aar.org/InCongress/~/media/AAR/BackgroundPapers/Railroad_History_Sept2009.ashx"><FONT face=verdana,geneva color=#800080>http://www.aar.org/InCongress/~/media/AAR/BackgroundPapers/Railroad_History_Sept2009.ashx</FONT></A></P><FONT face=verdana,geneva> <o:p></o:p> </FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>Under the heading, <STRONG>Prospects for the Future</STRONG>, in reference to government regulation, they give this warning:</FONT></P><FONT face=verdana,geneva> <o:p></o:p> </FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva><FONT size=4>“To keep their existing networks in top condition and to build the new rail capacity that America will need in the years ahead, railroads must be able to earn enough to pay for it.”</FONT> </FONT></P><FONT face=verdana,geneva> <o:p></o:p> </FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>Here they call for help from government in the form of tax incentives, and second, their call for "partnerships" is as close as they come to asking for government funding of infrastructure and technological improvements:</FONT></P><FONT face=verdana,geneva> <o:p></o:p> </FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva size=4>“Policy makers can help by instituting tax incentives for expanding rail capacity and by entering into more partnerships with railroads to solve critical transportation problems.”</FONT></P><FONT face=verdana,geneva> <o:p></o:p> <o:p></o:p> <o:p></o:p> </FONT>
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