Limestone Roof
Limestone Roof

Monday, January 26, 2009

Buffett's Hopenchange™ Rail Tie Fever Redux

I found this at New America Foundation (see below) after reading this article [The Plot to Kill Google] in Wired.
Looking for a way out of this dilemma, Virginia transportation officials have settled on an innovative solution: use state money to get freight off the highway and onto rails. As it happens, running parallel to I-81 through the Shenandoah Valley and across the Piedmont are two mostly single-track rail lines belonging to the Norfolk Southern Railroad.Known as the Crescent Corridor, these lines have seen a resurgence of trains carrying containers, just like most of the trucks on I-81 do. The problem is that the track needs upgrading and there are various choke points, so the Norfolk Southern cannot run trains fast enough to be time competitive with most of the trucks hurtling down I-81. Even before the recent financial meltdown, the railroad couldn't generate enough interest from Wall Street investors to improve the line.
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