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Topic: 45G Renewal Gains momentum (Read 55 times) |
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towny72
Historian
Posts: 2043
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My only issue with this is how companies like G&W take advantage of this. But I suppose it helps to keep paper railroads alive. I have no issue with small actual short lines using our tax money.
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Railfan Safely, And always respect private property.
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roc
Historian
Posts: 1254
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Me, too. G&W is at best a shortline holding company leveraging the economies of scale available to geographically disparate shortline railroads (ie better deals on cross ties, diesel, rail, etc).
Practically speaking, however, G&W is a global corporation sucking the public marrow dry, aka publicly subsidized infrastructure, private profit.
Nevertheless, it keeps trains running through my backyard. So who am I to quibble. Moreover, I'd like to see a lot more money invested in passenger rail and that never gets anywhere without public money.
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A smokey Alco and a good camera, nevermind the weather...
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towny72
Historian
Posts: 2043
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I know we are getting off topic.
The G&W issue is one facing a lot of companies operating in America. The insatiable appetite of the investor continues to drive G&W to eat up everything it can to continue to show strong growth.
The bidding war for the P&W is just one example. G&W will continue to over pay and make offers small owners cant refuse, when they cant show growth investors will leave and G&W stock will plummet. The cycle may start again as G&W sells off lines to increase profit etc etc etc
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Railfan Safely, And always respect private property.
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