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Stockreport

GPS-based system could have prevented deadly train crash [FOX Business Network]

CSX (CSX)  More Company Research Source: FOX Business Network
Last csx earnings: 4/17 04:02 pm Check Earnings Report
US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
PDF CAYCE, S.C. –   Federal investigators spent a second day Monday at the site of a deadly train crash in South Carolina, where an Amtrak train was mistakenly sent off a main track and down a side spur - and into a parked freight train. The ensuing crash early Sunday killed two people and injured more than 100 passengers. Continue Reading Below The investigation headed by the National Transportation Safety Board could take years, but federal investigators are already focusing on one critical factor: that a switch, set manually, may have caused the passenger train to barrel down the wrong track. Moreover, authorities say the crash could have been prevented with a GPS-based system called positive train control, which knows the location of all trains and the positions of all switches in an area and is designed to prevent two trains from traveling on the same track at the same time. It could have avoided this accident. That's what it's designed to do, said Nati [Read more]

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