Tony Hatch on the new capex norm

A challenging year in Rail Country, it's been. Uncertainty? It continues to rule. Regardless, Class I railroads will continue to set aside huge dollar amounts for capital spending, notes columnist, transportation analyst and RailTrends Program Consultant Tony Hatch in a piece published in our September issue. What they set aside their dollars for may change, particularly over time, but what they spend will continue to be a lot. "Improved service, a steady economy and rail's secular prospects will justify the longer-term capex goals of 15 percent to 17 percent (or more) of revenue," Hatch writes. Tony has more to say and additional context to share — read the rest of it here.

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