PSR: We all knew this would happen!

[Donnell Wells]

Has anyone had a chance to look at the surface transportation board hearing that took place recently? If not, to summarize, PSR has effectively killed railroad operational efficiency.

Donnell

[jonklein611]

But it's helping them make lots of money.

Revenue reached $3.41 billion for the quarter, increasing 21% year-over-year, as an overall revenueper-unit increase of 24% more than offset a 2% decline in volume.

• Operating income of $1.28 billion increased 16% compared to the prior year. Operating ratio increased by 150 basis points to 62.4%, including the impacts of the acquisition of Quality Carriers and higher fuel prices.
• First quarter operating income included $17 million of expense related to increases in environmental reserves and a $20 million gain from property sales recognized from the 2021 transaction with the Commonwealth of Virginia.
• Diluted EPS of $0.39 increased 26% from $0.31 for the first quarter of 2021.

[Deleted]

Donnell--

How? I didn't see it...

I thought PSR was supposed to be the "great saviour"?

Did UP and BNSF implement PSR too?

Word on the street is NS is killing themselves by deferring maintenance on everything. We are looking at a Penn Central epic collapse #2. The question is how soon?

John

[runs2waynoka]

May 13, 2022 7:35:43 GMT -8 Donnell Wells said:

Has anyone had a chance to look at the surface transportation board hearing that took place recently? If not, to summarize, PSR has effectively killed railroad operational efficiency.

Donnell

The STB failed to have much of an effect on BNSF. Things seem to still be the same, no crews, no power, no vans, no velocity……..

[Donnell Wells]

[Donnell Wells]

[Donnell Wells]