Unsafe tunnels found on Eugene to Coq...

Unsafe tunnels found on Eugene to Coquille line

There are 1 comment on the UTU News story from Sep 25, 2007, titled Unsafe tunnels found on Eugene to Coquille line. In it, UTU News reports that:

“Frankly, if we found something that we felt was a danger, we have the authority to shut it down”

Central Oregon & Pacific Railroad was closing operations between Eugene and Coquille on Friday because of unsafe tunnels, a step that may hurt several businesses that rely on it. via UTU News

Join the discussion below, or Read more at UTU News.

HedgeThis

Delray Beach, FL

#1 Oct 2, 2007
Just In: Fortress just woke up from a bad nightmare and decided that the multiple it paid for RailAmerica was too high. They paid based on an inflated EBITDA muliple and forgot that the railroad industry is actually capital intensive.

They actually bought RailAmerica to abandon and scrap the entire network. It is going to call A&K in Utah and work a deal. They are going to make Pioneer RailCorp seem like the Union Pacific.

Watch out Florida the FEC is next.

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