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Very well put Murphy. I think what may be part of the problem with what he is saying is this. Let's take a look at the broader scope of the dieselization period (1940's-1950's). WWII provided a large increase in the traffic for the railroads, no matter what the railroads did, when the war there would be no war traffic. Linked with what I said earlier about the vastly rising number of cars and the dropping passenger trains it is not surprising that profits were down for the railroads. I am not arguing with his facts, but with his conclusion based on the facts. What is the evidence that the diesels caused this loss of revenue, that it wasn't inevitable?
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