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Posted by: roc
Posted on: Jul 17th, 2017, 4:22pm
While specifically not a LAL, BH, or WNYP issue, renewal of the 45G tax credit for shortline investment, a legal provision that our fave railroads have made heavy use of in the past, is gaining momentum.
That said, contact your legislators and remind them who butters their bread.
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.
Posted by: roc
Posted on: Jul 18th, 2017, 1:25am
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.
Posted by: towny72
Posted on: Jul 18th, 2017, 10:37am
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