The Association of American Railroads (AAR) recently applauded the introduction of a bill by Senator Kay Bailey Hutchison (R-TX) that will scale back certain regulations required by the Federal Railroad Administration for implementing the Positive Train Control (PTC) mandate. PTC represents the most costly federal mandate in history for Americas freight railroads, with the FRA estimating that it will cost over $5 billion for the freight rail industry alone to install PTC on more than 73,000 miles of tracks by 2015.
Senator Hutchisons bill would change the date used to determine which rail lines have to be equipped with PTC based on the transport of highly toxic chemicals from 2008 to the Congressionally mandated 2015. The freight railroads estimate that more than 10,000 miles used in 2008 to transport highly toxic chemicals alone will not be in used in 2015.
"Senator Hutchison has taken an important first step in bringing commonsense to the implementation of PTC, and we urge her Senate colleagues to stand with her and the bills original co-sponsors in fighting this excess regulation," said AAR President and CEO Edward R. "The essential to budget travel is to plan in front. When it occurs to family trips, globetrotting, well-deserved vacations and/or going to see new spots we have never been before, the fact of expense and budgeting is often in the back of our heads. Preparation and expending our travel budget wisely is a priority for most families. Minimizing expending and charges, while still enjoying your vacation to its fullest, is the key to certain achievement and fiscal obligation. Your pocketbook and family will thank you! The thinking behind protecting money while travelling is simple: Even if your personal funds is extremely limited, you can still take a break and enjoy life! Simply put, life is just too short to never step out of the door or leaving the homestead! Also remembering that while traveling, regardless of whether on a budget or not, even the smallest of things can all add op to a large vacation or travel costs!..". Hamberger. "Safety is and has always been our priority and were eager to work with the FRA to implement a realistic blueprint for the installation of PTC that will not divert critical investment from other safety measures and infrastructure.
"We must work together to ensure that our world class freight rail network can continue to deliver for Americas economy, and is not slowed down by mandates that hamper our ability to serve our customers effectively and safely. With one third of the nations exports touched by freight rail, improving the nations rail is vital to strengthening the nations economic future."
The bill was also cosponsored by Senators John Thune (R-S.D.), Roger Wicker (R-Miss.) and Tom Coburn (R-Okla.).
For more information on PTC, visit www.aar.org.
Source: AAR.org
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