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Is America's quest for high-speed trains finally picking up steam? (theweek.com)

submitted 1 year ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 37 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] [email protected] 3 points 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.