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Do Railroad Managers Secretly Favor PTC?
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<p>[quote user="oltmannd"]</p> <p>[quote user="Bucyrus"]4) Railroads do not oppose the mandate, but nearly everyone assumes they do.[/quote]</p> <p>Your original question was "<span style="font-size:1em;">Do Railroad Managers Secretly Favor PTC?"</span></p> <p><span style="font-size:1em;">The RRs are not </span><span style="font-size:1em;">opposed to PTC. They are not in favor of it either. Those are two different statements. </span></p> <p><span style="font-size:1em;">They don't think it's wise way to spend capital, but they are neither pulling for it or trying to push it away. They are merely trying to comply with the law.</span></p> <p><span style="font-size:1em;">I suppose they believe that being opposed to it would bring a worse outcome in general than taking no action. They have only so much political capital to spend. Gotta make the most of it. Spending it on PTC when there are bigger fish to fry is not wise, either.</span>[/quote]</p> <p><span style="font-family:verdana,geneva;font-size:small;">When I asked if railroad manager secretly favor PTC, I should have clarified that I mean the PTC <span style="text-decoration:underline;">mandate</span> and not just the concept of PTC. But aside from that, I was posing that possibility that they might be in favor of it to contrast the popular perception that they must be opposed to it. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">From what railroad management has said generally, I cannot actually tell if they are for it or against it as a group, or even if there is any consensus among them. So my question was merely to suggest that they may not be opposed to it as is widely assumed. And then I offered a reason why they might actually be in favor of it, and thus not opposed to it. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">You say railroads are not opposed to the mandate, and not in favor of it. And yet, you say they don’t think it’s a wise way to spend capital. I interpret that view as being opposed to the PTC mandate.</span></p> <p><span style="font-family:verdana,geneva;font-size:small;">Generally, I must conclude that there is no consensus within the industry on any particular position regarding PTC or the PTC mandate. I am not convinced that the industry holds a consensus that they should not fight the mandate because they are better off saving their capital to fight re-regulation. I am not even convinced that that is a wise strategy. You know what they say about a person feeding the crocodile being the last person to be eaten. </span></p>
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