Technology

59377 readers

3936 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

299

Is America's quest for high-speed trains finally picking up steam? (theweek.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

74 comments fedilink hide all child comments

Is America's quest for high-speed trains finally picking up steam?::New projects in California, Texas, and Florida are a sign that the United States is finally getting serious about modernizing its commuter railway system.

you are viewing a single comment's thread
view the rest of the comments

[–] deranger@sh.itjust.works 35 points 1 year ago* (last edited 1 year ago) (1 children)

Considering railroads have done over $200 billion in stock buybacks (about the cost for coast to coast high speed rail) I think it’s very possible, we just have to nationalize.

It’s very profitable to run a railroad into the ground and push as much shipping to trucks as you can.

[–] Illegal_Prime@dmv.social 2 points 1 year ago

It’s not profitable, it just lowers the operating ratio, which is what railroads (quite stupidly) judge their productivity on.

Operating ratio =/= more money despite what they think.