Posted on 11/21/2012 4:07:53 PM PST by DeaconBenjamin
The last I heard is that once Morrison-Knudsen got out of the game, there are no longer any American companies making passenger railcars. Everything is from Canada, Europe or Japan.
Once I built a railroad, made it run
Made it race against time
Once I built a rairoad, now it’s done
Brother can you spare a dime?
From news stories it looked like they parked a large number of there taxi cabs there too.
Have a friend who works for one of the railroads. Said there is a huge shortage of cars already, many others are sidelined because they can no longer be repaired and it is impossible to add new cars to their fleet because government regulations create very long delivery times at a cost that is not feasible.
The government is eliminating trucks, railcars and passenger vehicles. Perhaps I need to see if I have any Amish relatives.
Haven’t heard much out of Ray Nagin lately. From the looks of things he must have been working for NJT.
Bombardier’s rail group was merged with Adtranz over ten years ago. Bomardier was like a goldfish swallowing a whale when they bought Adtranz from Daimler. Bombardier’s stock price has never reached the $30 level since. Because of management issues, Adranz has always been a low margin operation.
Changes in the ownership of Adtranz going back in history reflect that and prove it was an ill advised purchase by Bombardier.
New Jersey, New York, New Orleans - seems like the “New” States/Cities, have some serious common sense deficiencies. I wonder what else they have in common...
>>The resulting transportation authorities are political constructs, which often means that concepts like fiduciary responsibility and common sense are left at the door.
I have a great illustration of that from MARTA, the public transit system here in Atlanta. About 15 years ago they made a welfare queen the chairman of the board. It was bad enough they put her *on* the board at all, the idea being to have a representative of one of their major rider groups. But then they went and made her chairman! No real qualifications for the role, other than “good at cashing a welfare check and living in public housing”.
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