I see enough to know that I won't waste my time reading anything from the CATO Institute.
One of the founders of the Cato Institute provided access for the money from his family share of the sale of Pacific Trailways to Greyhound. His father hated Amtrak so much that his ticket agents were instructed to insert attack ads in ticket envelopes. He was the key person killing our 1975 proposal for what is now the Oregon portion of the
Cascades (including the bus portions).
To be fair, I once searched for any papers that Cato might have sponsored on the subject of highway user cost responsibility. Real libertarians have interesting ideas about highway finance. I found
one in the midst of a steady flow of anti-rail and anti-transit papers.
This paper is by experienced data-twister Randall O'Toole, who always turns up when the opportunity presents itself. Much of what he writes, going back to his days fighting New Urbanist planners in Oak Grove, Oregon, misdirects readers not familiar with his specific example projects.
Perhaps the biggest thing that he avoids is that some of the state projects that he criticizes for benefiting the private railroads were actually intended to benefit the private railroads' freight operations AND public passenger services -- to the benefit of the states that they serve.
In this paper he does advocate for a better system of charging for the use of highways but it's deep in the article. The lobbies that rely on his output for criticism of rail projects are the same people who fight his preferred method/s of highway financing.
He is the author of "Silver Age" rail nostalgia on a separate website. Appropriately, he likes Ayn Rand's favorite, James Hill's Great Northern Railway.
For an analysis of O'Toole's recent return to attacking high-speed rail by Alon Levy, the most knowledgeable interpreter of international comparisons:
Randal O’Toole Gets High-Speed Rail Wrong | Pedestrian Observations