With almost all of the Class I railroads transitioning to precision scheduling railroading (PSR), an operational model that emphasizes running railcars on a fixed schedule, a question surfacing within the rail industry is how much emphasis should the railroads place on lower operating ratio.
Precision scheduled railroading (PSR) can’t succeed if the Class I railroads aren’t able to fold the shortline railroads into the new operating model, according to one of the early developers of the precision railroading model.
Precision scheduled railroading (PSR) is the latest tactic railroads are using to improve their operations – and their images. Market voice Jim Blaze explores whether PSR is real or just marketing hype…
Norfolk Southern’s (NYSE: NSC) chief marketing officer sought to assuage shippers’ concerns at a rail shippers’ conference on April 5, saying his company would engage with shippers and seek opportunities to grow capacity as NSC transitions to the precision scheduled railroading (PSR) operating model.
Precision scheduled railroading (PSR) could benefit customers and shippers, but its deployment pace and how shippers respond to changes will be key to its success, panelists said today at the North East Association of Rail Shippers conference in Baltimore, Maryland.
Precision scheduled railroading and positive train control can help railroads improve service, safety and profits. Learn how in Jim Blaze’s piece.
Lawmakers heard how costly fees and equipment shortages along the supply chain are hurting exports.
Positive Train Control isn’t just about safety anymore as the railroads revisit how the technology can generate capacity and save money.
The still-high operating ratio came in for criticism while management says it will reveal all on February 11.
The company moved up its operating ratio targets on the back of a strong performance in the early days of precision railroading.
It was a great quarter for the railroad with revenue growth in all its product lines and increases in both operating and net income.
The operating ratio—strong enough in the third quarter that it can be argued it was earth-shaking—weakened slightly but was still ahead of the fourth quarter of 2017.
A current rail attorney who was with the STB for many years wonders whether it has ever broken free of the changes envisioned by the Staggers Act.
After first saying in November that operating ratio for the year would be flat, a strong December has enabled it to tick up slightly.
In a 45-minute chat at a Credit Suisse conference, Jim Foote insists that it isn’t all about cost-cutting.
After making its first acquisition last year in a quarter-century, the company could be in the market for another one, according to CEO John Roberts.
In this final part of the three-part series, the author looks at what steps need to be taken to successfully implement precision railroading.
Precision railroading has worked, but consistent success has been elusive.
The Unified Plan 2020 is in place in one corridor, with another to come. So far, UP executives are boasting about its success.
Although a full reveal of its strategy was not part of the conference call, the discussion of the “clean sheets” program shows that Norfolk Southern has undertaken a review of its operations on its way to how much of the precision railroading model it will adopt.
