By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — The railroad industry has installed an automatic braking system on nearly 58,000 miles of track where it is required ahead of a yearend deadline, federal regulators said Tuesday. Federal Railroad Administration chief Ronald Batory said railroads worked together over the past 12 years to develop and install the long-awaited technology known as positive train control, or PTC. The roughly $15 billion braking system is aimed at reducing human error by automatically stopping trains in certain situations like when it's in danger of colliding, derailing because of excessive speed, entering track […]
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