Despite major proposals for investment in high-speed rail, intercity passenger rail in the US remains and will remain a small mode unless there is some sustained exogenous shock to the system such as higher fuel prices, very stringent environmental regulations, an unforeseen war, or act of terrorism that constrains air transportation.
Fundamentals driving trends in Intercity…
Despite major proposals for investment in high-speed rail, intercity passenger rail in the US remains and will remain a small mode unless there is some sustained exogenous shock to the system such as higher fuel prices, very stringent environmental regulations, an unforeseen war, or act of terrorism that constrains air transportation.