Trucks Collide Head On

It's not. You can't be against extortion, then all of the sudden believe it's magically not because gov't is doing it to prop up a failure that is Amtrak. It's the same excuses Lehman brothers et. al used when crying for bailouts because they were horrid economic actors.

 

If it was a failure CSX and Norfolk Southern wouldn’t have started a bidding war for the company-if anything Conrail was too successful! With the blessing of the STB, Norfolk Southern acquired 58 percent of Conrail’s assets, including 6,000 Conrail route miles while CSX acquired the remaining 42 percent,including about 3,600 route miles.

 

Now you’re just getting into semantics-Lehman Brothers got caught up in the subprime mortgage quagmire-that’s what did them in.

 

So the first 7 years of failure and losses from 1976 through 1982 is now a success? That's not within reason at all. Contrail was not successful at all. It had routes and property that private companies wanted to acquire. The same can be said when a company fails and it's assets are liquidated....in that companies see viability in certain aspects of the business and they purchase or bid on equipment, land, real estate, etc. You can't call the failed business a success because people are purchasing assets that have been liquidated. That just doesn't make sense.

 

So did many other companies that taxpayers were forced to bail out because of the horrid business decisions. Instead of individuals in the market rightfully punishing them and the bad debt being liquidated, they were instead rewarded with money robbed from taxpayers to engage in the same malinvestment as before, crating new bubbles.

 

As I stated before the company started turning around in 1981 under different leadership.
With some startup companies losses are anticipated or expected before a turnaround to profit and or gain. This isn’t just limited to transportation services. Remember this was during the late 1970s/early 1980s when the US was still reeling from the effects of the Arab oil embargoes,a recession was around the corner and the Iran crisis was still fresh on peoples minds.

 

Just wondering what the ins and outs of the railroad industry have to do with two trucks colliding head on. Fun watching the argument though.

 

Strategic berms save lives.

 

This is a joke right? Or you really believe that a organization that operates nationwide with all the costs that entails is the same as a museum piece that more than likely doesn't pay the operators? I grew up near one of the largest, if not largest, railroad museums in the country. All the people that worked on and operated the trains were volunteers. They have like 9mi of track, and maybe 20 different locomotives operating total. It's not open year round, so the actual paid employees (gift shop workers, ticket sellers, etc) aren't full time except maybe during the summer. Most of their pieces are basically just left out to the elements. Idk what their profits are, but they don't exactly have the same expenses as amtrak, you know a fully operating railroad with probably thousands of employees.
Now your supposed brain fart of having private corporations take control of the interstate, I suggest you learn why they were created. If anything they should be covered by defense spending.