I watched the short video. Basically train derailments have been going up because train maintenance has worsened. The video blames this on the increasing consolidation of the rail industry, creating virtual monopolies which choose to emphasize reducing short-term costs rather than long-term sustainability.
I don't know if I buy that. Back in the day, AT&T -- because of its monopoly -- took a very long-term view of things. I suspect it has as much to do with the quarterly focus of Wall Street (as required by federal law) as it has to do with monopolization. And with the use of the railroads to ship oil that should have gone through a pipeline instead.
Thank you!
I’m in a rush and overloaded...my excuse for not listening.