Is America’s quest for high-speed trains finally picking up steam?::New projects in California, Texas, and Florida are a sign that the United States is finally getting serious about modernizing its commuter railway system.

  • deranger@sh.itjust.worksEnglish
    36·
    1 year ago

    Considering railroads have done over $200 billion in stock buybacks (about the cost for coast to coast high speed rail) I think it’s very possible, we just have to nationalize.

    It’s very profitable to run a railroad into the ground and push as much shipping to trucks as you can.

    • Illegal_Prime@dmv.socialEnglish
      2·
      1 year ago

      It’s not profitable, it just lowers the operating ratio, which is what railroads (quite stupidly) judge their productivity on.

      Operating ratio =/= more money despite what they think.