Anyone notice that operating ratio is only at 63%.....? The loss of the people gone plus the hiring of Vena.....there is still 8% more to go to reach the 55% operating ratio....
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Its tiresome to hear up cite weather or other disasters in their earnings calls.
Immean, you operate in 2/3 of america. Your always going to have a forest fire, ptc outage, tunnel collapse, chiberia, livonia sub floods or a bridge go up in smoke.
You have to build that into your budget plan. This is where psr fails.
OR is always highest in the first quarter. But yeah, it doesn't really appear that they're even cutting it right.
It's going to take a UP train k--ling an entire small town before these come fueled id--ts realize what they're doing is not only dangerous, but costly.
Right now, the payouts for injuries and deaths, employee and civilian, are low enough that it's just another operating expense. Take out a town because you didn't have a carman inspect the cars, or give them enough time/confidence to bad order a car, and the scales will finally tip.
It’s accounting, shift a few things around and bingo, you made your goal.
It does cost a lot of money to rebuild tracks after all the flooding. Hard to say what the operating ratio would be if we didn’t have all that. Hopefully this quarter is quiet and we can see what it looks like. They did cut over 2300 jobs. That’s a substantial amount
The goal is 60%. If you wanna be informed go and read the earnings call with the analyst. G55 has been pushed back with no definitive date.
The car department is about to take a big hit to help the billionaire stockholders pocket more cash. Unethical executives will be judged