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Seeing those boxcars rocking back and forth on that bad PC track sure brought back memories. I recall that at one point the Louisville-Indy-Logansport line was embargoed by the ICC because the track was unsafe at any speed. This led to all sorts of reroutings for the James Whitcomb Riley, later the Cardinal across Indiana.
This is a big article in the Washington Monthly.Back on TracksA nineteenth-century technology could be the solution to our twenty-first-century problems.By Phillip Longmanhttp://www.washingtonmonthly.com/features/2009/0901.longman.html
There is an execellent article on the state of the freight rail industry in the new edition of Trains Magazine by Don Phillips. Long story short; there will be a slight downturn in rail freight traffic, but it is expected to rebound because shippers realize they can get a far better value for their dollar by shipping by rail.