HIGHLIGHTS FROM THE DECEMBER 2008 ISSUE

Breaking News
  • Late Breaking Industry News

Traffic & Market Trends
• Industry Indicators

In This Issue
• 2009 Outlook: Railroads remain fundamentally strong
• 2009 Outlook: Staring down an oncoming train?
• 2009 Outlook: A new political paradigm

Commentary
• From the Editor: "Here go the Americans again"
• Short Line and Regional Perspective: Regulation, not legislation, could drive change

Industry Indicators

• Traffic Originated
  (Source: Association of American Railroads)

• Top: Short line and regional traffic index (Source: Railinc)
  Bottom: 2008 preliminary railroad accident/incident data (source: FRA)

• Traffic Trends
  (Source: Association of American Railroads)