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We are reviewing the FRA final rule on positive train control, which will have extensive and far-reaching impacts on our industry. Every day, safety is the number one priority for railroads, and implementing railroad safety technology has always been a part of our business.
Before the Rail Safety Act of 2008 passed, railroads invested hundreds of millions of dollars in research and testing of more than a dozen different control technology systems, and today approximately 60 percent of the nation's mainline tracks are equipped with some type of signal or train control system, and over 80 percent of all rail traffic operates over those signalized routes.
We will continue to participate in the rulemaking process, and plan to issue a detailed response to the rule at a later time.