What you don't know can cost you

摘要

One of the great mysteries of the past couple of "low-interest-rate-environment" years has been the seeming lack of interest, until recently, of North America's Class I railroads in reflecting while car and locomotive prices were low, interest rates were low, and the government was offering so-called "Bonus Depreciation" as an incentive to invest in new equipment. Sure, some railroads bought equipment, but by and large these purchases were driven by multi-year strategies, modest fleet additions and retirements, and a variety of other non-strategic reasons.