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[quote]QUOTE: Originally posted by philg [left]The ongoing blundering by the UPRR management has had a recent culmination in the form of the UP giving up business like most the UPS contract which they had to give to the trucks or BNSF, several chemical contracts in Texas and many container agreements out of Long Beach. My contacts also indicate they are in danger of or Ford has given a portion of their traffic into So. California to BNSF and having GM VERY iritated. When the GM contract went to UP, my sources indicated that the UP had underbid the contract in general to a point where there was no profit, likely just to get the business. I know they then laygaged adding capacity to the Mira Loma auto depot for 2 years likely more. Now they have trains backed up to Yuma, AZ and beyond. Why? "Now that we have it, what doi we do?" They've also been lally gagging completing double tracking across the Sunset Route. Meanwhile, the stockholders are getting a pretty good return on their investment, that I for one, would rather see put into the big picture which is the future. Oh, don't forget Mr. Davidson getting a 7 figure raise and 11 million bonus. FOR WHAT? He and his management (if that's you want to call them) have NO Clue and should get their pick slips! I think the terminology is "penny wise and pound foolish". And howabout the 6 trains a day on the tracks between Yermo, CA (Barstow, CA) and Salt Lake City. Why not use that as a (mostly) one way east for empties, especially auto racks. Oh DAAAH! They likely never thought about that. In addition, they give Amtrak a red "neck" to the point the Sunset has been reduced to a milk run coming into LAX 12 + hours late, when UP "could" expidite Amtrak and get bonus money instead of paying out fines. On the positive side: BNSF is the benifactor of the UP screwups. BNSF will likely charge more for expidited service which one would expect, but aren't they in business to make money? To wit, TRIPLE TRACK is being installed from LA to Riverside (CA) in place of double track that now exists and will soon begin installing the third track in the Cajon Pass. I think that's called "plan ahead" for increased capacity. OH! Do you think the UP could get one of Mr. Davidson's "crew" to get off their "desk chair" and supervise getting a couple of locomotives washed? A clean locomotive is the best advertisement of a well run railroad". Someone said that. If the outside is dirty, what's the inside of the prime mover look like? I saw a brand new loco they other day that looked like it ran through a mud pit. Maybe it did! I think it's their East LA yard. What do our Forum dwellers think? [/quote] As for ***'s raise and bonus, the shortsightedness in infastructure, and stockholders return, I would imagine them to be as intertwined as anyother snakepit, and is a symptom of of a major weakness in the wallstreet oriented american business system. CEO's are forced to have their performance judged based upon the quarter ahead and the quarter behind. If you're like me you've seen dozens of companies that made their name selling first rate products redefine their mission statements and are now producing products that are barely adequate. Of course, the railroads are foolish playing this game as it is their fixed plant that rots away first, not consumer confidence, that comes later
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