QB 52.32 wrote:Newpylong, you continue to try and find guilty Pan Am's "bean counters" in your court of axe-grinding emotion. Do you know for a fact that the cause of this derailment was because of a lack of "routine maintenance"? Do you really think the calculus for the "bean counters" is your simplistic assertion that they've determined that "picking up derailment after derailment is cheaper than routine maintenance"?He worked for the RR, I'd pretty well consider him one of the most expert people on this forum regarding Pan Am operations.
I think that the "bean counters" calculus is closer to trying to meet many needs with limited resources. Unless there's a big injection of money from some outside source, you don't just turn a New England railroad on a dime. It seems to me that Pan Am is investing in their railroad and with some of the needs pressing to support traffic growth (which is a good thing, no?). And, it's not like other New England carriers haven't had their share of problems in the past few years, either.
I can only wonder what your emotional state toward the "bean counters" might have been if you had witnesed New England railroading's darkest days of the late '60's and early '70's when the B&M, NYC/PC and even the P&W were wracking 'em up pretty good all over the place and frequently, destroying lading left and right.
And to further bolster his point, think about how many privately (aka a majority owner is a single person) railroads there are the size of Pan Am. I can't think of any. You would think in this day and age with most railroads being publically held, or owned by an investment or umbrella company, that Pan Am wouldn't exist in its current capacity. But having a single person own the majority of the RR hinders operations, especially since it's clear they've enjoyed their NO DEBT capital structure.
Imagine if Pan Am took about a $100M loan or even had an IPO. Certainly they could raise a few bucks