Clark F Morris  wrote:   
   >   
   > explain the thinking.  Given the taxing policies and the investment   
   > climate, the rational decision was to cut capacity to only that   
   > justified by current traffic.  (Page 41 notes that   
      
   In pretty much any environment, you want to shed assets with resale value   
   (like rail) if they aren't generating additional revenue.   
      
   But in the case of the IC single tracking, my recollection from a   
   presentation by some of the folks who ran the project is that it was   
   approximately cash-neutral. They traded a double-track, directional-running   
   double main with hand throw crossovers for a single main with CTC, long   
   sidings with minimal at-grade crossings, and power switches. They paid for   
   the signal upgrades using money from the salvaged track material. Whether   
   that leads to an increase or a decrease in operational efficiency is a   
   complicated question that depends on lots of factors.   
      
   Dan   
      
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