Tag: PSR

PSR: Can We Please Be Honest Here?

Written by Matt Parker for railwayage.com Editor’s Note: This opinion piece is in response to my invitation for “reasonable, fact-based, non-political opinions on Precision Scheduled Railroading by experienced railroaders from both the agreement and non-agreement sectors, to encourage discussion,” in response to “PSR Point/Counterpoint: Fortune,” published July 22 – William C. Vantuono An Oct. 3, 2018 article […]

Shortage of Railroad Workers Threatens Recovery

Struggle to bring crews back draws scrutiny from regulators, who were already concerned about lean operations By Paul Ziobro for wsj.com America’s freight railroads are struggling to bring back workers, contributing to a slowdown in the movement of chemicals, fertilizer and other products that threatens to disrupt factory operations and hinder a rebound from the […]

Wall Street is boosting profits in railroads with new technology. But it’s ignoring the drawbacks

Freight rail doesn’t function without a strong workforce. BY PETER DEFAZIO for fortune.com In a commentary published in Fortuneearlier this month, Ike Brannon and Michael F. Gorman took great liberties in trying to debunk my concerns with precision scheduled railroading (PSR). Please allow me to set the record straight. I have served on the U.S. […]

Class I railroads outline 2021 projections, February weather impacts

Rising fuel prices could eventually help with truck conversions By Joanna Marsh for freightwaves.com All of the publicly traded Class I railroads presented at investment bank JP Morgan’s industrial conference last week. Here are some themes expressed through the multiday event: Weather dents February’s rail volumes and could impact first-quarter results When the Class I […]

COVID-19 Pandemic Impacts Q4 Earnings at Union Pacific

  Original story by ttnews.com Union Pacific saw its fourth-quarter and full-year results decline versus year-ago levels, but the Class I rail carrier said its implementation of precision scheduled railroading is reaping benefits for its operations. The company’s Q4 net income fell 2% to $1.38 billion, or $2.05 a share, compared with $1.4 billion ($2.03) […]

Union Pacific CEO says Precision Scheduled Railroading will unleash volume growth

By Bill Stephens for trntrains.com Major operational changes that have reduced Union Pacific’s costs are helping the railroad land new merchandise traffic, CEO Lance Fritz told an investor conference this week.  Precision Scheduled Railroading is now “building into our DNA, into our culture” and will continue once outgoing Chief Operating Officer Jim Vena hands the reins to […]

Shippers, unions, railroads take sides at Senate hearing

Senate hearing comes amid ongoing congressional discussion over the reauthorization of the surface transportation bill By Joanna Marsh for freightwaves.com The debate about how much oversight Congress and the Surface Transportation Board (STB) should have regarding freight rail operations and rates took center stage at a hearing before the Senate Commerce Committee last week. At one corner was the Association […]

Union Pacific seeks to sweat its assets

Railroad expects improving volumes in fourth quarter By Joanna Marsh for freightwaves.com With rail volumes expected to improve year-over-year in the fourth quarter and into 2021, Union Pacific (NYSE:UNP) will seek to fine-tune its deployment of precision scheduled railroading (PSR) by continuing to focus on asset productivity. This includes taking measures such as lengthening trains farther and speeding up […]

Union Pacific confirms layoffs

‘Workforce reduction’ comes amid implementation of precision scheduled railroading By Joanna Marsh for freightwaves.com Union Pacific (NYSE: UNP) confirmed that it has laid off employees across its network, although it didn’t provide details about how many were laid off and where. The railroad attributed the “workforce reduction” to its broader efforts to implement precision scheduled railroading, an operational […]

Here’s the biggest surprise from Class I railroads’ second quarter

By Bill Stephens for cstrains.com The biggest surprise to come out of the Class I railroads’ second quarter results was not how bad the traffic, revenue, and earnings declines were. Everyone knew they’d be u-g-l-y given how the pandemic torpedoed the economy and sank rail traffic. No, what surprised me most was the way BNSF […]

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