Re: Mt. Hood Rwy For Sale--any freight traffic on the line?
Author: shortline sammie
Date: 07-26-2007 - 23:47
Since the Mt. Hood is 20+ miles long, according to the "rule of 100" they would need 2,000 revenue freight moves a year just to stay in business, pay the insurance and the help, and maintain the track to Class II standards. Since the line generates around 400 cars, the rest of the operation has to generate the equivelant of 1,600 cars. THIS DOES NOT COVER DEBT SERVICE TO PAY THE INTEREST AND PRINCIPAL PAYMENTS TO BUY THE RAILROAD.
I doubt there would be many who could qualify; most likely someone with unlimited money and the need to own a railroad and play with it.