The 21st century hockey industry basically mirrors the 19th century railroad industry: too much capacity.
Then the trains brought in labourers, shopkeepers and artisans, many of them Portuguese, to service the new railroad industry.
In the railroad industry, it took decades to get rid of coal-shovelers, holdover from steam locomotives, from the cabs of diesel engines.
He favors three stocks he believes will be super winners in the railroad industry: Berkshire Hathaway (BRK.B), Union Pacific (UNP), and Wabtech, (WAB).
FORBES: With Economy Chugging Along, Rail Stocks Seen As Best Transport To Higher Gains
Rebounding volumes in the railroad industry surely helped, but Spracklin is already looking ahead to management's tone on third-quarter earnings during Tuesday's conference call.
With improvements in petroleum and petroleum product shipping offsetting coal volume losses over the last two quarters, the railroad industry is capitalizing on the current natural gas boom.
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Norfolk, like the rest of the railroad industry, spent a half-century in a siege mentality, slouching along by shrinking and slashing costs, tangled in rat's-nest mergers and wrestling with its featherbedding unions.
In the 1870s America's railroad industry boomed in much the same way as the world's telecoms industry in the late 1990s, only to collapse in a similar heap of bankruptcies, accounting scandals, stockmarket losses and enormous debts.
His creations have been honored with virtually every major award in the gaming industry and include legendary titles such as Railroad Tycoon, Civilization and Pirates.
When Congress partially deregulated the industry in 1980, there were about 30 freight railroad companies operating in the United States.
Automobile industry structures have to be at least as complex as railroad, steel and oil, because it depends on all three.
Tuesday the Senate Committee on Commerce, Science and Transportation will haul in, among others, the chairman of the agency that oversees railroad mergers, the head of the Norfolk Southern railroad and a top official from the Government Accountability to discuss the state of competition in the freight rail industry.
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