The railroad industry is in crisis. Many people outside and inside the industry are quick to blame its current state on Precision Scheduled Railroading (PSR) and Wall Street. However, several instances of
Precision Scheduled Railroading
In the past decade, most Class I railroads have adopted what has come to be called Precision Schedule Railroading. PSR entails railroads running longer trains on fixed schedules, thereby allowing them to potentially carry significantly more freight on a rail network more reliably and at lower cost.
Let’s admit it, and fix the expectation: U.S. Class I railroads have not experienced robust service recovery. Yet railroad optimism and expectations of satisfied customers persists. Why?
In the late 1980s and early 1990s, a One-Trick Pony was foaled. His parents named him “PSR.” He had many attributes, so it was unfair that he was labeled a One-Trick Pony by his jealous detractors.
I have lived my life this way …The rain washed out the tracks …… ‘Can I find my way back again’?Yes. With a little help from my friends Here are my takeaways
Gil Lamphere and Henry Chidgey Talk PSR, and Growing the Top and Bottom Lines: RAIL GROUP ON AIR PODCAST
Everything you need to know about Precision Scheduled Railroading—how it got started, who started it and why, its promises and principles, and what it has become, for better or for worse—is here
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
Regarding the “point-counterpoint“ debate originally published in Fortune about Precision Scheduled Railroading and reproduced in Railway Age, with Brannon and Gorman on the “for” PSR side, and Rep. DeFazio (D-Ore.) not exactly on the “against”
Editor’s Note: Precision Scheduled Railroading (PSR) continues to be, in a word, controversial. This operating method traces its origins to the late Hunter Harrison and the Illinois Central in the early 1990s.
Precision Scheduled Railroading overall so far is not anywhere near “precise-delivery railroading.”