The railroad mergers in particular. CPKC as a perfect example, and now CN is trying to acquire another railroad. Railroads used to be hundreds of different companies, now it’s five large corporations and a few tiny struggling small railroads. And those small railroads almost always end up being bought by Genessee & Wyoming, a holding company that homogenizes them under one banner. Deregulating and privatizing the railroads was a horrible mistake.
The railroad mergers in particular. CPKC as a perfect example, and now CN is trying to acquire another railroad. Railroads used to be hundreds of different companies, now it’s five large corporations and a few tiny struggling small railroads. And those small railroads almost always end up being bought by Genessee & Wyoming, a holding company that homogenizes them under one banner. Deregulating and privatizing the railroads was a horrible mistake.