$7 billion is available for Class II and Class III railroads.
Ever since Warren Buffett gave his blessing to railroads by buying one, financial analysts and pundits have been examining this 175-year-old industry for clues to its re-emergence as a savvy investor’s favorite.
A Railway Age editorial I posted on line last in June 2011 about the most recent legislative attempt to break up Amtrak and privatize the pieces drew a 99% favorable response. Here’s an excerpt:
How Union Pacific achieved a record 8.6-day car cycle time. For many years, freight car shortages plagued the railroad industry.
Most global passenger rail suppliers accept a basic schism in their marketplace: Europe and most of Asia seek passenger designs based on crash avoidance. U.S. counterparts had to meet crash survivability priorities.