Cheap efficient trucking is the most often cited cause of the decline of cargo rail transit in the United States, but after studying cargo rail, I believe that trucking is only a piece of the puzzle. 1/n
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https://www.amazon.com/Railroader-Unfiltered-Controversy-Four-Time-Harrison/dp/1989025048 … This is a good read for how railroads are changing in modern times.
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Reading it now! I was interested why margins improved so much since the '90s. A guy in the trade chat suggested this book.
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I'm going to guess that the author says "precision railroading" and consolidation but the real answer is just consolidation.
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