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In secret deal, tax-backed Amtrak pays for private railroads' screwups: report [FOX News]

NEW YORK TIMES (NYT)  More Company Research Source: FOX News
Last new york times earnings: 8/8 08:30 am Check Earnings Report
US:NYSE Investor Relations: investors.nytco.com/investors/default.aspx
PDF A CSX coal train, right, moves past an idling CSX engine at the switchyard in Brunswick, Md., Oct. 16, 2012.  (Reuters) The Amtrak passenger rail line receives more than $1 billion in annual federal subsidies, but private railroads own 97 percent of the tracks upon which Amtrak trains travel. As part of the relationship between the publicly financed passenger rail service and the private carriers, it’s the tax-supported railroad that will typically foot the legal bill when accidents happen – even when a private railroad is at fault, the Associated Press reported. So as federal investigators look at how crews from privately owned CSX routed an Amtrak train into a parked freight train in Cayce, S.C., last weekend, tax-supported Amtrak will likely end up paying crash victims [Read more]

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