Signals & Switches · May 19, 2026

The Cage the Railroads Built

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A panel of retired rail CEOs at MSU's Broad School said the industry needs to grow. The thirty-year analyst record says they're not wrong. The structural reason nothing changes is worse than that.

(This article was written with the help of AI, but all editing, analysis, commentary, & opinion are mine.)

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The retired CEOs were right at MSU last week. So has Tony Hatch been for thirty years. The diagnosis has not been the o…

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