Burned before, railroads take risks
During the recession in the
early 2000s, U.S. freight railroads slashed spending and services. When
business revived, they were roundly criticized for bottlenecks and delays, The
Wall Street Journal reports. This time around, the railroads have continued to
spend heavily, plowing more than $20 billion into capital improvements to widen
tracks and tunnels, upgrade cars and engines and enhance their technology.