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Railway Age 1980 December 29 Budge PLanning Car leasing the gravy train continue
Railway Age December 29 1980 Vol 181 No 24
CONTENTS
FEATURES
22 Budget planning '81Business is down, and capital costs are high-so railroads, for the time being at least, are scaling down their investment plans for 1981. Spending is now pegged at something over $4 billion-a 30% drop from 1980 levels.
25 Playing the capital investment game to winThere are no risk-free investments-but a study of the procedures of a dozen railroads has produced guidelines for actions designed to improve the decision-making process and maximize the return on capital.
34 The gravy train derails"Rural America is dotted with vistas of mile after mile of boxcars in storage on unused spur lines and sidings," writes consultant Walter H. Pogue, Jr. How this came to be-and what is likely to come of it-is his subject.
46 Deregulation clouds '81 traffic pictureWill railroad deregulation bring a rate explosion that will send traffic fleeing from the rails-or will it give railroads the tools they need to win traffic back from competing modes? Here's what shippers are saying.
54 Vandalism: Time to crack downRailroads in the U.S and Canada reported 54,000 separate acts of vandalism last year. There's a growing belief among security people that "soft' courts, which now let many vandals off lightly, need to adopt a tougher stance.
NEWS
4 Short and Significant
10 Nine-month earnings top $613 million
10 Mexico opts for smaller landbridge
11 ICC moves to cut TOFC/COFC regs
14 BN, KCS could spawn a KCN
14 SP takes three neighbors to court
18 Training: "Skill, Pride, Success"
61 The Railroad Market
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