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Railroads Must Modernize, Industry Consultant Says

The Class I railroads have rebounded in 2017, but volumes remain far below what they were decades ago, and if the industry hopes to return to its heyday, executives must re-examine how to offer 21st century solutions, according to a rail consultant.

Data from the U.S. Bureau of Economic Analysis and the American Association of Railroads show that between 1990 and 2015, the economy expanded 83% on an inflation-adjusted basis while carloads on the rails declined 4%.

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