Comment Re:It won't happen (Score 1) 992
I'm gonna be a troll here and point out that the .gov DID own Conrail. It was a federal bail out of Northeastern Railroads because the .gov realized that having rail transportation was necessary, but not necessarilly profitable. Hence they bailed out 5 or so major railroads and many more smaller ones.
20 years after it's creation it had turned it around and proved that Northeastern rail transportation could be profitable and was bought and split between two privately owned railroads, Norfolk Southern and CSX.
Thats our railroad history lesson for today folks. Next time maybe I'll talk about AMTRAK.
20 years after it's creation it had turned it around and proved that Northeastern rail transportation could be profitable and was bought and split between two privately owned railroads, Norfolk Southern and CSX.
Thats our railroad history lesson for today folks. Next time maybe I'll talk about AMTRAK.
