2. North America’s Rail Network: Extensive, Efficient & Integrated
4. Rail Transportation of Calcium Carbonate in 2004: Summary
9. 2005 Was a Good Year for Railroads...
11. Median Return on Equity S&P 500: 2005
13. Historically, RRs Have Not Earned Their Cost of Capital
14. Return on Investment is Crucial
18. Stepped-up spending on equipment and infrastructure
Infusion of technology
New operating plans
Working with customers What Are Railroads Doing To Increase Capacity and Enhance Service?
19. ...And Are Poised to Spend Even More
22. Capacity is Strained Across All Modes...
24. Cost effectiveness
Congestion and highway costs
25. 25% tax credit for projects that expand rail capacity
Expense other infrastructure capital expenditures
Leverage private investment
26. Best used for projects whose main purpose is to meet public needs.
RRs pay for their benefits and public pays for public benefits.
Not “subsidy” to RRs.
27. U.S. Railroad Performance: 1964-2005 (Index 1981 = 100)
28. S. 919/H.R. 2047 Would Mean Reduced Capacity and Service ? Goal = lower rail rates for certain shippers
Result = lower rail revenue, capital drain, disinvestment.
S. 919/H.R. 2047 would mean less rail capacity when we need more.