Railway Age

The recession and the railroads: how long? How deep?

Railway Age | March 1, 1991 | Copyright

It's fairly clear to this writer that trying to predict the length of the "Recession of 1990-91 " (have I just predicted its length?) can be an exercise in self delusion. On the other hand, there is quite a bit to be said about the present and likely future impact of this business downturn on America's railroads. And it's not all guessing. We can review some of the fundamentals for the basic types of traffic that make up the bulk of rail revenues. In addition, we can check in with the seers and Brahmins who are paid by investment banks to chart the stars for investors in rail…

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