Short Lines & Regionals

As 1918 Shows, Railroads Have Been Through This Before

Editor’s Note: In 1918, the world was dealing with a deadly coronavirus pandemic, the “Spanish Flu.” Longtime Trains Editor and Publisher Kevin P. Keefe, now retired and a columnist for Classic Trains, sent me his April 2, 2020 “Mileposts” blog, in which he extensively references Railway Age. It is reposted here with permission, with some added photos. “It’s great to have a 170-year-old magazine around!” he said in his note to me. Actually, it’s 164, but who’s counting? Thanks for the shout-out, Kevin. – William C. Vantuono.

Special Podcast Series—The Coronavirus and the Rail Industry: Freight Railroads and Rail Equipment Market Analysis with FTR Transportation Intelligence and Railroad Financial Corporation

What is the depth of decrease in freight volumes as a result of COVID-19? Is there an increased percentage of freight rail moving over to trucking right now? What individual markets/commodities are under more stress as a result of the crisis? How will the railroads respond to the freight loss in the overall landscape of the PSR movement? Will Wall Street change its perspective on the railroads? Are there projected revisions to new-car builds for 2020? What is the state of the equipment leasing market, for both lessors and lessees? Is there timing for a return to normalcy?