I do think that you could see a lot more regional and, perhaps, private passenger trains if the gasoline price stays consistently greater than $5.00/gallon. Some predict that if the US dollar, in the next 10 years, vamooses as the world reserve currency, $5.00/gallon (or greater) gasoline could be a reality.
Richard
Posts: 1909 | From: Santa Rosa | Registered: Jan 2004
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What you will definitely see is a lot less travel of any kind, as people will not have the money to travel regardless of mode.
Posts: 2808 | From: Olive Branch MS | Registered: Nov 2002
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In addition, you have to show the line haul railroads that passenger service is profitable. I'm a shareholder in UNP in my IRA. If I hear from the BOD they are re-entering the line haul passenger business, I will be on the phone to shareholder relations so fast it will make your head swim. I will be demanding a copy of the business case. If I find the Road doesn't have a solid plan for profitability, I will lead the shareholder revolt.
Mind you, I loved UP's service as a child! My railfan heart would love to see Armour yellow and Harbormist Gray in quarter mile long beauty. My investor mind is far more pragmatic.
Posts: 1404 | Registered: Oct 2001
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