Wednesday, November 12, 2014

Rail is alive and well

There are some who have suggested that rail died in the last century.  These are people who generally don't believe in the value of investing for the common good.  Well, it seems that everywhere around our area that rail is very much alive and well.

A story on MPR News noted that the Burlington Northern Sante Fe line, serving Minnesota and many surrounding states is bursting at the seams with demand, "Despite service woes, SNSF posts strong earnings". The financial value of this railroad is so great that one of the nation's most savvy, long-term investors, Warren Buffett, bought the whole operation in 2009.

Closer to home, a newly opened light rail line between the Twin Cities of Minneapolis and St. Paul had over one million rides provided just during the month of September of this year.  This was well over projections. You can read more about this in an article, "All aboard: Metro Green Line ridership tops 1 million in September".

As we look to reduce our carbon emissions rail has become an increasingly important means of transportation.

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