Bankrupt Railroads Stifle Electrification, Hurting Economy and Environment
Railroad electrification faces financial challenges due to industry's lack of borrowing power. The U.S. government is a tough source of capital amidst railroad liquidation. Regulatory restrictions can hinder electrification projects. The author suggests exploring financing options from freight service users, utilities, and component manufacturers. A streamlined U.S. rail system is crucial for electrification efforts.