The North American Freight Railroad Resurgence - Possible Prosperous Times Ahead?

There was a very good article in the Wall Street Journal last Wednesday on the resurgence of rail. “North America’s major freight railroads are in the midst of a building boom unlike anything since the industry’s Gilded Age heyday in the 19th century, this year pouring $14 billion into rail yards, refueling stations, additional track,” stated the article.

But that is not the whole story. Rail investments have often had a significant level of public investment. Investing public money in projects that would help a private company grow its revenues could be seen as a boondoggle. However, there are two such projects that I support.

One project is the National Gateway project, which benefits CSX, a rail carrier in the eastern part of the US. CSX refers to this project as a “public-private partnership,” which sounds better than “boondoggle,” “crony capitalism,” or “pork.”

Full article at Logistics Viewpoints....

View the (Video) Article: “Why Intermodal is ‘Exploding’”