5 Comments
Feb 25, 2023Liked by Vaughn Cordle, CFA

As I understand from responsible reporting, NS had a system that checked bearing temperatures along the route (more frequent that other lines). The last device that measured bearing temperatures showed a high temperature 253 degrees (if I remember correctly). For whatever reason, the message didn't get back to the train crew in time to stop and resolve the problem. Ergo, while NS is as fault, they were responsible and the DoT had nothing to do with it.

Buttigieg is wrong and typically blaming someone else to avoid any tarnish. Any belief that DoT or any government agency is around to help is a false belief. While I have concerns about NS, at least is appears to be stepping-up to the problem and create a solution. Giving residents (not households) $1,000 per person is a start. Spending (an estimated) $1 billion is more commitment that the Feds would commit (they're committing taxpayer money anyway).

It's time for US Citizens to wake-up and smell the mess; the Government is not here to help us (paraphrase of Reagan's famous - and true, statement).

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Hi Vaughn,

Are you no longer on LinkedIn?

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1,000 derailments annually? Sounds like that should be a focal issue nationwide.

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