Board and Execs are scared $hitless that private equity will come in and drive them out, so better to wreck the company in pursuit of a few OR points than fend off activist investors. 30% workforce reduction is still nearly 10,000+ people between now and end of 2020....so everyone needs to start putting their name on the market (along with their home). How can you put your heart into the job if you don’t know day-to-day if you will next, the odds are now 1 in 3. Also, how does former CSX Ops leader, who couldn’t implement Precision Scheduled Railroading at CSX end up at UPRR...now responsible for implementing PSR? Train wreck on horizon, first employees...then customers...then shareholders.
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Next is transportation foremen fg1s managers and mops that’s the next 30 percent not mechanical
Only sane thing i can think of is this is a stunt to prove to activist investors that 55or in railroading is impossible. Or, possible, you just dont have any employees and all of your equipment is tied up. However, i have little faith that lance &crew are that moral, and clever.
Wait until after Jan 1 when they start charging customers for car delay.......its about to get CRAZY!