I disagree that terrestrial transport is anywhere near its zenith. I sincerely hope for major improvements in my lifetime.
In terms of environmental efficiency rail travel beats air-travel hands down. It *SHOULD* be the better solution. Power just got entrenched in the wrong hands and those hands stopped innovating. It should have been a perfect innovation playground; rail owns the land the tracks traverse and have complete environment control (no independent vehicles, central control, decimeter scale-knowledge of the route, possibility of total sensor coverage, no dropping out of the sky if the engine cuts).
One of the major economic/political stuff ups of the modern era is the failure of the rail-networks in most countries. At the very least we should be thinking of installing robotic cargo trains with automatic packet-addressing carrages. Parallel to this should be high-speed passanger lines like those in France or Spain (300 km/hr on standard lines with the possibility of 500km/hr maglev). Most countries rail networks are worse than they were in the 1950's.
In the far future tunnel-boring technology should be cheap enough that we can consider vaccum evacuated tunnels spanning the country. At this point rail should be able to retake the speed-records. Economically this will only occur of course if maintaining the tunnel-vaccuum uses less energy than orbital hops.