That will work fine unless you want to do it by listening to the track and physically moving a fader, or if there are midi/softsynth tracks involved, or certain insert fx on the track, etc.

jimkleban
Thanks everyone for the input.... but when I perform the fade out with a fader and record it, it turns into an envelop on the track.... nice smooth performed fade.... so now I want to copy the fader automation to another track.  I can not figure out how to select the envelop, copy it and then paste ONLY the envelop to another track.
 
Hopefully, this question is a bit more clear.
 
Thanks in advance,
Jim
 

Select the whole track (the one with the envelope)
 
Edit > Copy > Special
 
Clear all check boxes apart from "Automation"
 
Select your destination track
 
Ctrl + v, or Edit > Paste, or if you really want to double check what will be pasted, Edit > Paste > Special

That will copy ALL automation though. Just a warning.
Selecting in the automation lane only copies that one. 

Thanks guys.... sorry I wasn't more clear in the OP.
 
Jim

Clip envelopes/fades/mutes,... move with the clip. I use these a lot.
 
I rarely use track envelopes/automation.
 
Bus envelopes: since I aggregate tracks to buses (guitar1,2, guitar effects, guitars all, purc all, instruments all, vocals bk grnd, vocals main, vocals all,...) I use bus envelopes/automation for all the stuff not done with clip envelopes.
 
To the OP: instead of using track automation, send all the tracks to a bus, add an output envelope, fade to taste. This way if you need to change the fade you only have to change ONE envelope.

Since the discussion has gotten a little more general...here's what I like about clip envelopes.
 
If you select a bunch of them, doing a fade on one of them affects all of them. This saves me a ton of time when doing loop or sample libraries because I can add a quick 2 or 3 millisecond fade-in to eliminate clicks to dozens of clips at once.
 
Because the clip gain is pre-FX bin, having an envelope before an amp sim means you can alter clip amplitude levels to vary the amount of drive. For example "fading in" over a measure increases the intensity of the distortion.
 
You can create complex automation curves in the clip envelope, then use a volume automation as a "master volume control."