CSX Corp. has labored over more than two years to transform its operations and the changes are starting to show in its results, CEO Jim Foote told CNBC on Wednesday.
The railroad company installed a precision scheduled railroading strategy in its supply chains to create more efficiency, he said in a sitdown with "Mad Money" host Jim Cramer.
The updated system eliminated unnecessary logistics, such as switching boxcars at inopportune times, he added.
4 replies (most recent on top)
Sounds like this is Railroad Propaganda .
PSR really does work . It has damaged so many hard working American families,
It is not the railroad that I remember, when we serviced customers , switched cars , moved freight. This Railroad has stopped Building America , and has turned to fulfill , it's own interest, no matter how many lives, or how many companies it destroys.
If you Did not want to railroad , why did you take all the railroads over? I am sure the MOP or the DRGW would have continued building America
well if the CEO said it I guess we should just ignore all the customers leaving and complaints to the STB lol. I think our CEO says we're pretty great too. and I trust him cause he has an approval rating of 9% so he'd never lie.
Cool story bro!
Wtf is this? What a dumb post