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Norfolk Southern just got a sweet deal.
Unloading a rail line between Chicago and Detroit onto the taxpayers of Michigan, the freight concern just eliminated the high cost of maintenance, liability, and dispatching responsibility, and as a bonus probably got paid for it. According to PFA:
"Thanks to $140 million in federal money, the State of Michigan will reportedly soon be the owner of the Norfolk Southern Railroad line connecting Chicago to Detroit. This is all part of the State's plan to have high speed rail connecting the two cities."Because we all know how important it will be to transport those 20 or so people daily between the two cities as fast as possible.
Norfolk keeps the rights to freight travel, which is ALWAYS the most lucrative part of a rail operation, and gets US to pay the weight of the rest. AND the lose all the negatives.
Thank you, 140 million in federal money! Without your presence our kids wouldn't have ANY legacy costs to pick up.
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