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Saturday, September 7, 2024

Decision 2024 for the Signaling Single Issue Voter

Just like in 2020 I thought I'd provide some political analysis for the single issue railroad signaling single issue voter. Not sure who that would be exactly, but in a country this big it has to be somebody. In 2020 the big political signaling issue was PTC and the Trump administration's general failure to soften the regulations or roll it back before PTC driven signal replacement projects ruined the legacy infrastructure. In 2024 PTC is still proving to be a problem in terms of ETMS outages cancelling passenger services, but I don't see either party lifting a finger to solve the problem and almost all the vintage signaling is gone anyway.

In terms of regulation in general fears that the East Palestine derailment would trigger a moral panic on the order of the 2008 Chatsworth crash proved to be unfounded and I have to give the Biden administration real credit for taking a political risk and not rushing through knee jerk regulations that would damage the rail industry. We might see a minimum distance between hotbox detectors well below the old 20 mile AAR standard, but several railroads like the Southern and N&W have been on shorter intervals for decades.

Of course one area where I would call regulations too weak was the FRA's decision to allow CSX to remove the cab signal system on the RF&P. Coded track circuits are still more reliable and secure than over the air data links running off internet connected servers and attempts to use ETMS as safety critical cab signaling is going to cause a bad day. Another regulatory issue that is also in also in the blind spot of both parties is the FRA's use of shadow regulations to throttle the deployment of higher (80+ mph) speed passenger rail service. This might find a sympathetic ear on the current supreme court, but since it doesn't affect Class 1 freight RR's industry is uninterested in mounting a challenge and passenger operators known they are beholden to public funding.

A major factor in favor current Democratic politics the focus on anti-trust and industrial consolidation. Today the biggest threat to interesting signaling is industry consolidation, as seen with CSX's snapping up Guilford and CP buying KCS. I would expect proposed east-west RR mergers, like BNCSFX or UPNS, not passing regulatory muster under a Harris administration. In terms of trade policy, the vast majority of signaling equipment is still produced domestically so tariffs aren't necessary to fight off some invasion of cheap Chinese signaling hardware because that threat simply doesn't exist.

Finally, because legacy signaling has been so thoroughly decimated, the only way forward is new rail projects, which is one of Biden's signature issues. While a lot of the projects that have been built have employed locally prevailing signal rules and styles, there is always the chance of a Caltrain style speed signaling conversion or expansion of the Northeast cab signal network. 

Therefore if you are looking for my opinion I would endorse the Democratic ticket primarily for blocking additional rail mergers and funding the construction of new signaled passenger routes. They have earned my trust on avoiding bad regulation and are no worse than the alternative in cleaning up the FRA's existing over-regulation.

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