LOMBARD, Ill. — What's on Matt Rose's mind? Lots. As part of a long-ranging conversation with independent rail analyst Anthony B. Hatch at the Midwest Association of Rail Shippers winter conference near Chicago on Wednesday, Rose again ripp...
http://trn.trains.com/news/news-wire/2019/01/16-bnsfs-chairmans-words-of-wisdom-from-quarterly-earnings-to-coal
Brian Schmidt, Editor, Classic Trains magazine
The Street and their idiots that analize companies need to stop obsessing on what a capital intensive industry does quarter to quarter. That's why you see the most succesful OTR carriers for years are private companies. Why the only people they have to worry about reporting to are themselves. My boss has his company private it's incorporated of course however he and his father are the sole stockholders. There are quarters I know we lose money the ones when we are buying equipment for example yes we finiance it however it still takes massive amounts of capital to do so. We still are managing to grow and still make so far every driver in the company for the most part happy I have my drivers that would complain that even if they were given 2 kilos of gold a week. But I keep them happy by saying think you would have it better at JB or Schiender and they shut up faster than you can imagine.
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