Industries & Professions /
The 1960s and 1970s were decades of such intense decline for the American railroad industry that many people wondered if it might become obsolete altogether. As freight revenues fell and passenger traffic dropped, the railroad became perceived as a dinosaur—useful only as a relic of the past. However, the railroads that were stagnating 30 years ago are once again thriving and are expected to endure. There are several reasons for the railroads' turnaround.