(The following appeared on The Journal of Commerce website on June 1, 2011.)
WASHINGTON, D.C. — The Department of Transportation is working on changes in rail regulations that could save the industry more than $1 billion over the next two decades.
Transportation Secretary Ray LaHood said in his Fastlane blog that limits in implementing automated collision avoidance systems, known as positive train control, could save $225 million to $400 million in installation costs, and up to $1 billion over 20 years counting maintenance.
Full story: www.joc.com