December, 2008 - jstagl - Editors' Posts - MyProgressiveRailroading
    • 5 Dec 2008

    Two small-road takes on '09 capex

    Capital expenditures sure were a hot topic last month while I gathered information from Class I chief executives for our annual “looking ahead to next year” coverage in the December issue. Most railroads expect to spend less on capex in 2009 for obvious reasons: the recession and soft traffic volumes, which I mentioned in a Class I “outlook” article I wrote (the issue should hit mailboxes...