Jan 22, 2009

Recession Rides the Rails

Click title for story link. The state of FL paying CSX money seems like throwing good money after bad at this point.
John D. Boyd Associate Editor Across the rail freight industry, the only business piling up is debris from a worsening economic crunch. Shippers, watching demand evaporate from their own industrial and retail customers alike, are booking far fewer trains as they close plants and lay off workers, and the impact is reverberating across rail networks that had been carefully constructed over years.