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Stock impact report

US investigators say deadly Amtrak train crash preventable [FOX Business Network]

CSX Corporation (CSX) 
Last csx corporation earnings: 4/22 04:02 pm Check Earnings Report
CAYCE, S.C. –   Federal investigators are trying to figure out why a switch was in the wrong position, sending an Amtrak train into a freight train and killing a conductor and an engineer in South Carolina. Continue Reading Below But they already know what could have prevented the wreck that injured more than 100 passengers — a GPS-based system called positive train control that knows the location of all trains and the positions of all switches in an area to prevent the kind of human error that can put two trains on the same track. It could have avoided this accident. That's what it's designed to do, said National Transportation Safety Board Chairman Robert Sumwalt, referring to technology that regulators have been demanding for decades with mixed success. He said the passenger train hurtled down a side track near Cayce (CAYsee) around 2:45 a.m. Sunday after a stop 10 miles (16 kilometers) north in Columbia because a switch was locked in place, diverting Show less Read more
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