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Railroad Reregulation ...and Some New Stuff As Well
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<p><span style="font-family:verdana,geneva;font-size:small;">It has been suggested here and in the other recent PTC thread that the railroad companies will not spend money on safety improvements unless they add enough profit to justify the improvements. Therefore, when a safety improvement is in the public interest, but does not add sufficient profit for the railroad companies, the government must force the companies to implement the safety improvement. And so that is the rationale justifying that PTC be mandated by government. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">This dynamic has been compared to the mandates for automatic couplers and the air brake. So, then is it accurate to say that had the government not mandated automatic couplers and air brakes, the railroad companies would still be using link and pin couplers and controlling trains with handbrakes? </span></p>
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