Norfolk southern, the end of 2015, The railway operating ratio was 74.5 percent. After all the cuts to every department for the last 5 years, the operating ratio only went down 10 percent? And in 2021 needs to come down another 5 percent, in a billion dollar company 5% is an enormous number. All the outlying points are pretty much closed, intermodal is mostly all subcontracted, programs are done with, how much more cuts are going to happen to achieve another 5%? This is insane
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I was a work wensday and we had 2 panel cars with switches to unload,they track supervisor had a contractor with 2 large trackhoes to unload the switches,we went on duty at 800am to do our regular work and didn't unload the switches until 12 00p,that's when we started,the contractor got $1900 an hour apiece for both trackhoes,I've seen then do the same thing 40 years ago with a single backhoe and 2 men,it's stuff like this that's costing ns so much money,they're not even installing the switches until next year
It's the greedy investors pushing the CEO to drop below the promised 60% OR. Who's job do you think he's going to worry about, not yours. Then when the bottom falls out, the inventors will drop NS stock and let someone else clean up the mess.
Well we know they aren't going to touch management.
I really can tell who has more stupidity at this point....the Investors for following the new Exexutives like Lemmings off a cliff? Or the New Executives with Bachelor degrees that have achieved nothing more than a financial trainwreck with a company wide derail right down the line....