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[quote user="henry6"]I smell money. CSX just wants to be sure anything done with HSR in NY won't cost CSX money to build or operate, won't hold CSX responsible for anything financially, won't interfere with CSX operations and opportunity to make money; they don't want to lose money or spend money. Oh, they do want the benefits of others spending the money, that's for sure![/quote][quote user="henry6"]I[/quote] Why?   CSX is doing nicely without high speed rail along its right-of-ways.  Its TTM Return on Sales (14.9%), Equity (17.7%), and Assets (5.8%) are well above the Road and Rail Averages, as well as the S&P 500 averages. Moreover, it has a relatively low TTM debt to equity ratio (87.8%) vs. the industry average of 109.6%.     CSX probably would do even better if it did not have Amtrak clogging up its property. Not only does Amtrak not pay the full cost of using the investor owned railroads tracks, it has been reducing its payments to them steadily, i.e. from $136.5 million in 2010 to $110 million in 2012.  Amtrak has not released the FY13 numbers. CSX is an investor owned company.  It will make capital investments when and only when it benefits CSX.  If someone else, i.e. Amtrak or another potential high speed passenger train operator wants to use its rights-of-way, CSX should be compensated one way or the other.
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