Precision Scheduled Railroading

PSR: For employees, pain, no gain

Six out of the seven Class I freight railroads in operating in the U.S. (including CN’s and Canadian Pacific’s subsidiaries) have implemented or are in the process of transitioning to Precision Scheduled Railroading (PSR). While programs and processes will certainly vary from one railroad to another, all are likely designed around five foundation principles, as defined in 2016 by CP and the late Hunter Harrison during its aborted merger attempt with Norfolk Southern.

Amtrak: Freedom From Responsibility is Illusory

THE FINANCIAL EDGE, MAY 2019 – In a recent TED talk, Twitter CEO Jack Dorsey suggested that, in an attempt to combat abusive speech and harassment, Twitter would consider moving from threads written by individuals to topic threads. Dorsey suggested these interest networks would be easier to monitor for Twitter code of conduct breeches.

Matt Rose at REF 2019: It’s about growth—not cutting

RAIL EQUIPMENT FINANCE 2019, LA QUINTA, CALIF, March 5: BNSF Executive Chairman Matt Rose, nearing retirement, shared his views on the rail industry with Railway Age Editor-in-Chief William C. Vantuono and more than 400 attendees at Railroad Financial Corporation’s annual conference, organized by RFC President and Railway Age Financial Editor David Nahass and his staff. Rose talked extensively about Precision Scheduled Railroading (PSR), business growth, advanced technology and other topics.

Beware the operating ratio trap

Watching Washington, February 2019: Sizzle sells product. No wonder the sizzle of ever-lower operating ratios is leading to remarkably higher railroad share prices. But as operating ratios—operating expenses as a percentage of operating revenue—flirt with a sub-60%, the meaning for the longer term is unclear.

Precision Crew Scheduling: What would Hunter say?

I knew Hunter Harrison when he was a Burlington Northern trainmaster and I was a BLET Local Chairman, all those many years ago. Today, as Hunter’s Precision Scheduled Railroading (PSR) is rolled out on six of the seven Class I railroads, I’ve come to believe that PSRis not a destination, but a never-ending journey. At least that’s how I see it.