Toby Kolstad, Principal,
Rail Theory Forecasts LLC

Toby Kolstad, principal of Rail Theory Forecasts, a market analysis and rail industry forecasting firm has been in the railroad industry for more than 30 years, with stints at the Illinois Central Gulf Railroad, the Denver & Rio Grande Western Railroad, and with car builder/lessor Greenbrier Cos. His company, Rail Theory Forecasts, published "North American Freight Car Market. He has been a Progressive Railroading columnist since 2003.

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