Does anyone understand the story in the USA magazine "Railway Age" on
Dec 19th? See their web site.

It sounds as if some private equity outfit is moving in on the CSX
railway to strip its assets - to stop capital spending and give the
money to shareholders instead, as the article tells us, with Tim
O'Toole providing the railway expertise.

That sounds an odd thing for a Managing Director of the tube to be
involved in, although I have no idea as to whether it's a conflict of
interest. Anyone who works on the tube ought to know about the
effects of giving up capital spending

Jeremy Parker