"A Train Running A Profit is Charging Too Much"
Bruce McF in Hillbilly Report:
Note that the statement is abbreviated for the title. The full statement is, a common carrier like a train, bus, or plane that running a profit based on passenger revenue while paying its full operating and capital cost is charging too much for its tickets. ....
A common carrier transport service provides multiple services.
- The passenger taking the service receives a direct benefit
- The passenger choosing an alternate means of transport receives an insurance benefit in the form of an available back-up means of transport in case the preferred alternative fails
- In the US and most Western nations, common carrier transport services are more space-efficient than the most common semi-private private vehicle transport, the automobile, so the passenger taking the common carrier service is providing a congestion benefit to semi-private motorists
- Common carriers normally operate with designated origin and destination points, which concentrates foot traffic and creates property value
- When compared to semi-private automotive transport, common carrier rolling stock is normally far more intensively employed, substantially reducing rolling stock material overheads per passenger mile
- These are in addition to the general external benefits of transport in permitting people to congregate, to the benefit of employers, retailers, and a wide range of service providers
- These are also in addition to specific advantages or disadvantages of specific technologies, such as the intrinsic energy efficiency and aggregate labor efficiency of coupled vehicles operated in a train over uncoupled vehicles operated individually.
The value of the common carrier ticket reflects [only] the direct benefit to the passenger. ... All who benefit should pay, not just riders
Yep. If we've got any A listers who regularly cover transport issues, they might consider throwing Hillbilly Report a link, since they cover these issues regularly and well.