If you look at passenger rail maps of the United States, trains definitely went away.
Passenger rail versus freight rail also demonstrates how the railroad bubble and aftermath ended up proving that not every use of rail is inherently profitable. In the long term, passenger rail is rarely profitable and almost always has to be subsidized by the state in some way with only a handful of exceptions.
Passenger rail versus freight rail also demonstrates how the railroad bubble and aftermath ended up proving that not every use of rail is inherently profitable. In the long term, passenger rail is rarely profitable and almost always has to be subsidized by the state in some way with only a handful of exceptions.