Why Union Pacific’s Financials are bad News for Hyperloop?

The financials for railroads like UP and the CSX; which operates historic rail lines on the East Coast, show us why Hyperloop will need your tax dollars. Privately-owned surface transportation companies simply do not generate enough cash to pay for expensive infrastructure like the Hyperloop.

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Do Railroads Make Money at CSX Corporation?

CSX is the largest rail operator in the Eastern United States; it is also the successor to some historic rail operators including; the Pennsylvania Railroad, the Seaboard Airline, the Baltimore and Ohio, and the New York Central. This puts CSX in a great position because it serves many of America’s largest cities including’ New York, Atlanta, Chicago, Tampa, Detroit, Cleveland, Philadelphia, Richmond, Pittsburgh, Buffalo, Columbus, Boston, and Miami, and 70 ports.

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