You’re right — railroads are far more efficient than 18 wheelers. I think the railroads will see more expansion in the years to come. 1 year may be too short a horizon, maybe 3? as the pain from oil won’t end until 2009 year end, and folks will change their minds only slowly this year, so you may only see substantial increases in EBITDA in 2009/2010
It’s ironic how the contract the railroad has been trying to pass for years is just seeing the light. I think even the company is waking up to the their needs of good people.