November 18, 2012  COMPETENCE: N.J. Transit Stored Trains in
Low-Lying Areas Ahead of Sandy. “’They knew the storm was
coming. Why did we lose any trains?’ All of those badly damaged
locomotives and passenger cars were stored in yards in low-lying
Hoboken and Kearny.”  UPDATE: Reader Drew Kelley writes: “It’s
not like all that rolling-stock was a capital-investment by
stock-holders, who were depending on management’s fiduciary
responsibility to safe-guard that investment.”