(Source: Bloomberg, April 20, 2017)
NEW YORK — After three passenger-train mishaps in the past month underscored the fragility of New York City rail travel, Amtrak Chief Executive Officer Wick Moorman said the only solution is the $23 billion Gateway tunnel project. “We don’t see a catastrophic failure,” Moorman said. “We just see continued, or gradual deterioration, which at some point accelerates and you can no longer reliably maintain them. So you have a problem every week.”
Full story: Bloomberg