Re: B&O CPLs on the Toledo Sub.
Posted: Thu Dec 12, 2013 9:09 pm
Wasn't the CPL at North Tipp taken out by a derailment?
B1G - The Big Train
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ThanksStandard Railfan wrote:And just what "cost" was assigned to a lost life? The payout made by the railroad/ insurance company? I cannot envision the board meeting where the CEO of BigRail tells the board that they have enough cash set aside to kill 3-4 people per year.TatesPoint wrote:After doing some research, if these fact are correct it seems that "Over a 12-year period, cost analysis determined that the accumulated savings to be realized from all of the accidents was not sufficient to cover the cost of PTC across the Class I railroads." 6 - 22 billion is no small chunk of change. In most cases accidents were addressed through rule changes. Human error seems to be the leading cause of most accidents. Another knee jerk reaction by the federal government.
I suggest that you could conduct a similar study of the FRA, OSHA, or EPA regulations and reach the same kind of conclusion. The cost of compliance does not exceed the losses.
There is no financial argument to be made when lives are on the line.
CSX_CO wrote:Even if it weren't for PTC, which probably accelerated the project, the B&O CPL's weren't going to last forever. They were rusting out at the bases, and the one at Piqua eventually fell over in a strong wind. Every thing has a service life. If you're truly a fan of 'railroads' you should be taking stock of the fact that the railroads are earning enough money to replace what needs replaced.
Practice Safe CSX
What year was that?midland sub wrote:Wasn't the CPL at North Tipp taken out by a derailment?