Freight railroads generally have operated the same way for more than a century: They wait for cargo and leave when customers are ready. Now railroads want to run more like commercial airlines, where departure times are set. Factories, farms, mines or mills need to be ready or miss their trips.
Called "precision-scheduled railroading," or PSR, this new concept is cascading through the industry. Under pressure from Wall Street to improve performance, Norfolk Southern and other large U.S. freight carriers, including Union Pacific Corp. and Kansas City Southern, are trying to revamp their networks to use fewer trains and hold them to tighter schedules. The moves have sparked a stock rally that has added tens of billions of dollars to railroad values in the past six months as investors anticipate lower costs and higher profits.
Calling all Railroad Tycoons...
(Score: 2) by realDonaldTrump on Friday April 05 2019, @03:52PM (1 child)
Our trains, finally, are running on a timetable. And, they're running on time. Something that never happened before. Something nobody thought was even possible. Now it's happening, so beautifully. America is Great Again -- greater than it's ever been!!!!
(Score: 0) by Anonymous Coward on Friday April 05 2019, @04:22PM
Yeah, empty trains running on time... kinda misses the point don't ya think?