This is from the SEC 8-K on their website:

On January 21, 2010, by shareholder approval, Liberty Capital Asset Management, Inc. (the "Company") completed the Asset Purchase Agreement, ("Agreement") dated November 23, 2009, with Las Vegas Railway Express ("LVRE") to acquire 100% of the issued and outstanding stock of LVRE for the total consideration of twenty million common shares, four million of which will be paid at closing and the remaining sixteen million shares are to be received by LVRE according to a performance schedule contained within the agreement, 2,000,000 shares upon the procurement of an approval from Union Pacific Railroad to allow the Company to operate a passenger train over Union Pacific trackage; 2,000,000 shares upon the procurement of an approval from BNSF to allow the operation of a passenger train over BNSF trackage; 4,000,000 shares upon procurement of a train railset of passenger cars either under a lease or purchase by LVRE to be operated on the planned route; 4,000,000 shares upon procurement of a train haulage agreement of passenger cars by any approved haulage company such as Amtrak, Herzog, Rail America or any Class 1 railroad company and 4,000,000 shares upon the first actual operating run on the planned route. The market price of the shares on November 23, 2009 was $0.04 per share.

Las Vegas Railway Express ownership consist of a 78.4% interest by Allegheny Nevada Holdings, of which Michael Barron, CEO and Director of Liberty Capital Asset Management, is a primary shareholder and 1.9% owned by Joseph Cosio Barron, Officer and Director.

As of January 21, 2010, there were 17,589,686 common shares issued and outstanding. The following table represents the Beneficial Ownership of the Company after the issuance of the 4,000,000 shares at closing to LVRE, resulting in 21,589,686 common shares issued and outstanding.

So they need consent from UP, BNSF and Amtrak to make this work. (Remember the proposed Ski Train revival failed when they could not reach agreement with Amtrak over insurance issues.) Also, note that the whole company has 21.5 million shares outstanding, with a market value of $0.04 each. That is a total value of this company of $860,000. Repeating, that's a total of $860,000. Not exactly inspiring numbers, considering simply the cost of the equipment involved in their proposed service.