The company that tried to sell “Diesel multiple units” to the nation’s transit industry is officially out of business. The company’s bumpy history was noted here a couple of weeks ago.
In retrospect, it is hard to believe that a railcar manufacturer could have failed after a more than a decade in which the transit industry furiously spent well over a hundred billion dollars of the taxpayers’ money on various rail transit schemes. This is especially so considering that RTD, Colorado Railcar’s “hometown agency,” ordered a record-breaking $187 million worth of light-rail cars from Siemens. But Colorado Railcar only managed to sell its product to two different transit agencies, one in Florida and one in Oregon.
