JoeS wrote:Pardon my ignorance, but what is a genset? What is one used for, and how will it benefit CSX?
Thanks
Well if this story is true here's my thought on it. Many times the legislature doesnt need to vote on expendatures like this. Then again most legislators dont even read the entire bill that they're voting on...and you think you cant lose your rights....thats another topic though.
In short it's another case of corporate welfare. Probably what happened was some lobbyist for CSX called up the DOT and spoke Astrid Glynn ( DOT Commish) and said "hey what does it take to get 20 mil for some new locomotives?"
Our bureaucracy, being all too willing to fall over themselves to "support business" in NYS writes the check.
In the meantime our schools get shortchanged and I have to drive on pothole ridden highways and LA&L RR crossings that are ripping the suspension off my vehicle. I'll be sure to send the bill to Gene Blabey and Astrid Glynn.....(Gene, you reading this? Fix your Calkins Rd crossing!)
Hmmm. Maybe I'll call up the DOT and ask for 50 grand for a new Humvee. Afterall I need a durable vehicle to navigate bad roads and it's critical for my abilitiy to do business in New York State....
Another thing. When was the last 4 axle locomotive produced by GE or EMD? I'd have to guess it was the MP-15 or GP60. Those were built in the mid to late 80s? Getting old!
CSX made $240 Million in 1Q 2007, at that trend they'll make nearly 1 BILLION dollars this year!!!!! And they won't spend 20 mil. on new locomotives? I like and support railroads, but if they want to try new equipment....they should pay for it out of their own deep pockets!
I'm a De-Activist.