“Whereas in 1900 the train carried almost all long-distance travelers, in 2000 such travelers almost all went by car or airplane . . . [T]he real story after 1945 was the quickly disappearing railroad passenger.”
—From “American Railways in the 20th Century”1
The story of passenger rail travel over the last 150 years is often cited to illustrate the dangers of failing to understand what business you’re in. The railroads, the argument ...