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Keyword: railfreight

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  • US Freight Railroads – Another Capitalist Success Story

    12/12/2011 12:26:17 PM PST · by bigbob · 27 replies
    Redstate ^ | 12-9-11 | Nikitas3
    If you want to see where the American left wants to take us, just look at the history they want us to ignore. One of the most egregious examples of failed socialist policy is in the area of transportation. In the post-World War II period you would have expected America’s freight railroads to have been thriving in a booming economy. But the opposite happened. By 1972 many major freight railroads had gone into bankruptcy including the venerable New York Central and the behemoth Pennsylvania. Other failures included the Boston & Maine, Lehigh Valley and Reading. CEO Benjamin Biaggini of the...