11.   Federal regulators have sought safety improvements for a decade and have fought for changes in the railroad industry, mostly with no results.

12.   In equities, Thomas Monahan, head of equity sales, quit, as did Graeme Lidgerwood-Dayton, a researcher for the railroad industry.

13.   Meanwhile, the railroad industry is quietly undergoing a financial resurgence.

14.   Mullin predicted the airline industry will soon undergo a sweeping consolidation, much like the utilities and railroad industries are doing.

15.   Olsson said the consolidation of the railroad industry had forced Harmon to reduce expenses to remain competitive in bidding for new projects.

16.   Orders dropped off as the railroad industry consolidated and companies began repairing old cars rather than buying new ones, the managers said.

17.   Recent shipping delays in the railroad industry may mean more profits for CNF, too.

18.   Second, red is one of the insulation colors used by the railroad industry.

19.   Such a move would drive a stake through the heart of the railroad industry, he said.

20.   That said, the railroad industry is starting to see better pricing, is raising rates and is seeing them hold.