November 18, 2012

COMPETENCE: N.J. Transit Stored Trains in Low-Lying Areas Ahead of Sandy. “’They knew the storm was coming. Why did we lose any trains?’ All of those badly damaged locomotives and passenger cars were stored in yards in low-lying Hoboken and Kearny.”

UPDATE: Reader Drew Kelley writes: “It’s not like all that rolling-stock was a capital-investment by stock-holders, who were depending on management’s fiduciary responsibility to safe-guard that investment.”

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