NEW YORK – CSX Transportation is likely to set service-measurement records in the second quarter as the railroad continues to refine its operations, Chief Financial Officer Frank Lonegro says. “It’s really fun to watch the service ...
http://trn.trains.com/news/news-wire/2018/06/14-csx-focusing-on-operational-improvements-intermodal-profitability
Brian Schmidt, Editor, Classic Trains magazine
Sure they will with Bernie Madoff doing their books from his cell at the federal prison in Buckner, North Carolina.
Butner, NC
"It is really fun to watch the service?" What, is precision railroading running the real thing like a model railroad?
Instead of "watching the service," should not he be out beating the bushes for more customers and responding to shipper complaints?
What goes around, comes around. When EHH put CSX into the ditch, NS reaped some traffic. Now, a year later, NS is in the ditch and the pendulum is swinging the other way.
It seems everyone knows how to operate a railroad when things are going well, but nobody knows how to size crew pools to keep every little bump in the road from throwing operations into the ditch.
That's twice now in four years that NS has had operations go into the ditch.
-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/)
Does the statement, "shippers are coming back", mean that they are coming back from trucks, other railroads, barges, pipelines, etc.?
What type of shipper would have the greatest flexibility in leaving a railroad and then coming back?
Can a shipper that has a car picked-up on his warehouse siding that connects with CSX, for example, state that he wants it to go via Norfolk Southern if it is possible to do so?
Rio Grande Valley, CFI,CFII
Can someone provide a detailed list of the shippers that actually left?
EuclidCan someone provide a detailed list of the shippers that actually left?
Propritary Information.
Never too old to have a happy childhood!
BaltACD Euclid Can someone provide a detailed list of the shippers that actually left? Propritary Information.
Euclid Can someone provide a detailed list of the shippers that actually left?
+1 You betcha!
Chemicals: CSX: -20,000 CLs, YTD. NS: +20,000 CLs YDT.
That's what I thought.
The whole point of that article was,"we hit bottom, and have no where else to go, but up."
rrnut282The whole point of that article was,"we hit bottom, and have no where else to go, but up."
They think? It has yet to be proven.
daveklepperInstead of "watching the service," should not he be out beating the bushes for more customers and responding to shipper complaints?
That would be a reasonable response if CSX were trying to grow the business. As has been discussed, there are those who feel that CSX is simply trying to push money to the bottom line where it can be harvested by those looking for the big payday.
Growing the business and providing new service both cost money in the short term. That's money that doesn't end up on the bottom line right away.
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
caldreamer Sure they will with Bernie Madoff doing their books from his cell at the federal prison in Buckner, North Carolina.
It's Butner, NC.
tree68 daveklepper Instead of "watching the service," should not he be out beating the bushes for more customers and responding to shipper complaints? That would be a reasonable response if CSX were trying to grow the business. As has been discussed, there are those who feel that CSX is simply trying to push money to the bottom line where it can be harvested by those looking for the big payday. Growing the business and providing new service both cost money in the short term. That's money that doesn't end up on the bottom line right away.
daveklepper Instead of "watching the service," should not he be out beating the bushes for more customers and responding to shipper complaints?
Growing the business can also be accomplished by cutting costs and improving efficiencies. Some of this can make way for new business, and then the new business will cover the cost of its required capital. Cutting costs will also make the current business more profitable.
Why do some feel that this is a sinister conspiracy by people looting the company?
EuclidGrowing the business can also be accomplished by cutting costs and improving efficiencies. Some of this can make way for new business, and then the new business will cover the cost of its required capital. Cutting costs will also make the current business more profitable.
Thanks to Chris / CopCarSS for my avatar.
Murphy Siding Euclid Growing the business can also be accomplished by cutting costs and improving efficiencies. Some of this can make way for new business, and then the new business will cover the cost of its required capital. Cutting costs will also make the current business more profitable. No it can't. Cutting business and growing business are the exact opposite of each other. Sears/Kmart is trying to cut its way back to prosperity. By the time they close all the stores they'll have cut their expenses down to zero. Think how profitable they will be then! Cutting business may add more dollars to the bottom line- in the short run. Where have you seen that any of that money CSX saved by cutting back business is being used procure new business?
Euclid Growing the business can also be accomplished by cutting costs and improving efficiencies. Some of this can make way for new business, and then the new business will cover the cost of its required capital. Cutting costs will also make the current business more profitable.
No it can't. Cutting business and growing business are the exact opposite of each other. Sears/Kmart is trying to cut its way back to prosperity. By the time they close all the stores they'll have cut their expenses down to zero. Think how profitable they will be then! Cutting business may add more dollars to the bottom line- in the short run. Where have you seen that any of that money CSX saved by cutting back business is being used procure new business?
Who said anything about cutting business? I said that growing business can be accomplished by cutting costs and improving efficiencies.
Who said anyting about cutting expenses down to zero in an attempt to make a profit? These plattitudes sound like slogans from Occupy Wallstreet.
EuclidGrowing the business can also be accomplished by cutting costs and improving efficiencies.
Well, yes, and no.
If the money gained by cutting costs is used to improve capacity (and thus service to the customer), absolutely. If it goes straight to the bottom line, no.
I don't think there's any question that improving efficiency should bring in new business. However, as Shadow has noted, the "efficiency improvements" effected so far have been more efficient at driving business away than attracting it.
EuclidWhy do some feel that this is a sinister conspiracy by people looting the company?
Because hedge funds like the one that seems to be running the show at CSX right now have a history of doing exactly that.
Euclid Why do some feel that this is a sinister conspiracy by people looting the company?
Because all this is at the behest of a hedge fund manager, and that is what they do.
Greetings from Alberta
-an Articulate Malcontent
How many people were laid off due to the transformation undertaken by EHH?
When I retired (12/19/2016) CSX employment was reported to be about 30K employees - current management is shooting from 21K at the end of 2018. Almost 1/3 of the pre EHH total - GONE!
BaltACD When I retired (12/19/2016) CSX employment was reported to be about 30K employees - current management is shooting from 21K at the end of 2018. Almost 1/3 of the pre EHH total - GONE!
Is that good or bad?
Euclid BaltACD When I retired (12/19/2016) CSX employment was reported to be about 30K employees - current management is shooting from 21K at the end of 2018. Almost 1/3 of the pre EHH total - GONE! Is that good or bad?
It depends.
BaltACD Euclid BaltACD When I retired (12/19/2016) CSX employment was reported to be about 30K employees - current management is shooting from 21K at the end of 2018. Almost 1/3 of the pre EHH total - GONE! Is that good or bad? It depends.
Euclid BaltACD Euclid BaltACD When I retired (12/19/2016) CSX employment was reported to be about 30K employees - current management is shooting from 21K at the end of 2018. Almost 1/3 of the pre EHH total - GONE! Is that good or bad? It depends. On what?
On what?
On what you are trying to accomplish.
BaltACD Euclid BaltACD Euclid BaltACD When I retired (12/19/2016) CSX employment was reported to be about 30K employees - current management is shooting from 21K at the end of 2018. Almost 1/3 of the pre EHH total - GONE! Is that good or bad? It depends. On what? On what you are trying to accomplish.
And who you are, I'm sure Paul Hilal is laughing maniacally in his money bin.
All those who were laid off/fired and the customers who are suffering from poor service, not so much.
Well considering what was trying to be accomplished by the CSX layoffs, were they good or bad?
EuclidWell considering what was trying to be accomplished by the CSX layoffs, were they good or bad?
Presumably, they were good - cash was moved from the payroll line in the financial statements to the profit line, where it could be extracted by the "investors."
OTOH, it's hard to believe that one third of the employees were "deadwood" that needed to be pruned...
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