It's going to hurt the Class 1 railroads, really hurt the mid-sized railroads, and just about kill the short lines. Tourist railroads may vanish, since PTC is mandated for any passenger railroad. Also, some short line and regional railroads may find it cheaper to refuse to ship cargoes like chlorine, anhydrous ammonia, etc., which will force these cargoes onto highway trucks.

There's got to be a better way to do this, one that won't bankrupt the small railroads. I've got some ideas on how to build a low-cost PTC system using a combination of RFID and cellular technology. Thought I'd see if anybody here has any input on the ideas.
The basis of the system is putting active RFID tags on locomotives, and having signals which interact with both the locomotives by RFID and each other by cellular technology. Since most US short lines and a lot of other railroad lines are single track, the signal system will establish a path from one safe waiting location (siding) to another- sound familiar?

The locomotive RFID tags would tie into the locomotive control system. This would provide cab signals, and enforce signals, speed limits, etc. Speed limit and yard limit signs, whistle posts, etc. could have simple passive or battery-boosted RFID tags coded for their info- they could automatically trigger the locomotive horn, restrict speed, etc. For a temporary speed restriction, the maintenance crews could just drop temporary signs with the correct tag. The signals would interact also- trigger the brakes if the engineer passes a red signal (SPAD to the UK folks) or enforce restricted speed, etc. The system might require another RIFD tag on the end of train (EOT) device to let the signals know when the train is in the clear.
So, sound like a workable idea? Please, play Devil's Advocate if you can.