From looking at the schematic, all this does is reverse the polarity every so often... My understanding of a shuttle, is something that goes to one end, stops for a bit, then reverses and goes to the other end.
You need at least diodes in the rails to break power in the "wrong direction", so at the least that is missing from the description, even though this may be obvious to some...
In this case, the diode-isolated section should be long enough that the train will coast to a stop while still on the rails and not running into anything.
I actually prefer ones with a trigger, and the "diode logic" as a backup.