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In NYC specifically, the problem was the city government introduced price caps that made the privately owned lines unprofitable, then refused to raise them. So,
by Nav_Panel 8y ago
In NYC specifically, the problem was the city government introduced price caps that made the privately owned lines unprofitable, then refused to raise them. So, of course the trains went out of business. It was set to 5 cents in 1904 and remained there for
over 40 years. Not even the lowest hanging fruit could survive such a thing.
- adrianratnapala 8y agoYeah I believe you, I had taken temp-dude's comment to be more about railroads in general and not suburban railways or NYC in particular. And those are different, always were more government related.