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Stock impact report

Even when not at fault, Amtrak can bear cost of accidents [CNBC]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: CNBC
Randall Hill | Reuters Emergency responders are at the scene after an Amtrak passenger train collided with a freight train and derailed in Cayce, South Carolina, U.S., February 4, 2018. Federal investigators are still looking at how CSX railway crews routed an Amtrak train into a parked freight train in Cayce, South Carolina, last weekend. But even if CSX should bear sole responsibility for the accident, Amtrak will likely end up paying crash victims' legal claims with public money. Amtrak pays for accidents it didn't cause because of secretive agreements negotiated between the passenger rail company, which receives more than $1 billion annually in federal subsidies, and the private railroads, which own 97 percent of the tracks on which Amtrak travels. Both Amtrak and freight railroads that own the tracks fight to keep those contracts secret in legal proceedings. But whatever the precise legal language, plaintiffs' lawyers and former Amtrak officia Show less Read more
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