1. The railroad industry has developed a number of new types of equipment to replace the standard boxcar. What is the rationale supporting the diversification of equipment? 2. The railroad...

1. The railroad industry has developed a number of new types of equipment to replace the standard boxcar. What is the rationale supporting the diversification of equipment?

2. The railroad industry’s cost structure is different than that of the motor carrier industry. What factors contribute to this difference? What impact do these differences have for the railroads in terms of pricing, competitiveness, and investment?