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A Revolution Sweeping Railroads Upends How America Moves Its Stuff

posted by Fnord666 on Friday April 05 2019, @11:17AM   Printer-friendly
from the good-luck-with-that dept.

Phoenix666 writes:

Morningstar:

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...

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  • (Score: 4, Informative) by The Archon V2.0 on Friday April 05 2019, @05:09PM (1 child)

    by The Archon V2.0 (3887) on Friday April 05 2019, @05:09PM (#825006)

    Empowering our employees... to find other jobs.

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  • (Score: 3, Interesting) by JoeMerchant on Friday April 05 2019, @06:01PM

    by JoeMerchant (3937) on Friday April 05 2019, @06:01PM (#825036)

    I applied to work at CSX Daytona Beach once, the employees I talked to were like "really, here - are you sure you want to do that? I mean, it's not a bad place to work, but it's actually really boring stuff..."

    --
    🌻🌻 [google.com]