BaltACD What everyone seems to be overlooking, in my mind and experience, is that all the operating tool's and strategys Harrison has made his name on have already been implemented at CSX. The only thing left for Harrison to do is to hack the property apart and run more customers to competing modes of transportation for their goods.
What everyone seems to be overlooking, in my mind and experience, is that all the operating tool's and strategys Harrison has made his name on have already been implemented at CSX. The only thing left for Harrison to do is to hack the property apart and run more customers to competing modes of transportation for their goods.
And since he's there to "produce results," that's probably exactly what will happen.
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...
To hijack the thread again; boy am I glad we have our milage based contract on CN here in Canada.
There is no overtime on the road and yard jobs are essentially all forced to junior men as there is no money in them. There are things we lose out on compared to what the guys in the US are doing but we can take rest after every trip.
Most engineers on the CN mainline here can easily make $120-160k, Canadian, per year. Guys in the US have to be making close to that, seeing they work A LOT more than we do.
Back to the original topic, it's going to be interesting to see the results of this vote. I certainly wouldn't want to be paying this out of the stocks.
10000 feet and no dynamics? Today is going to be a good day ...
traisessive1 Most engineers on the CN mainline here can easily make $120-160k, Canadian, per year. Guys in the US have to be making close to that, seeing they work A LOT more than we do.
The Canadian dollar closed Friday at 74 cents on the U.S. dollar. Thus, $120,000 Canadian would be approximately $88,800 U.S., which puts it above the 90th percentile for locomotive engineers in the U.S. as per the Bureau of Labor Statistics data.
Cross country comparisons are dicey. In addition to base pay a U.S. worker's compensation package usually includes the employer's share of payroll taxes, health insurance premiums, retirement contributions and possibly a 401(k) or some sort of thrift plan match. When these benefits are added to base pay, they can easily jack it up 30 to 40 per cent.
The compensation package for a U.S. based worker making $82,500 in wages could be as high as $107,250 or more, which would be equivalent to $144,932 Canadian.
In the U.S. most major employers and employees share the cost of the health insurance premiums. A fairly common cost sharing formula is 25 percent for the employee and 75 percent for the employer.
In many countries, i.e. Australia, New Zealand, health insurance is provided by national government. The cost is covered by taxes paid by everyone. I believe Canada has a similar arrangement.
Rio Grande Valley, CFI,CFII
He does seem to like to rip up track and drive small customers away.
Let us hope not. Let us hope instead that he uses his intellect to:
1, Pursue and obtain more business.
2. Consolodate the coal secondaries and branches with NS for a Conrail Share Coal Assets and allow both railroads to start earning money from otherwise loosing lines.
3. Further logical spinoffs to regionals and short lines.
traisessive1 To hijack the thread again; boy am I glad we have our milage based contract on CN here in Canada. There is no overtime on the road and yard jobs are essentially all forced to junior men as there is no money in them. There are things we lose out on compared to what the guys in the US are doing but we can take rest after every trip. Most engineers on the CN mainline here can easily make $120-160k, Canadian, per year. Guys in the US have to be making close to that, seeing they work A LOT more than we do. Back to the original topic, it's going to be interesting to see the results of this vote. I certainly wouldn't want to be paying this out of the stocks.
I think the CN lines in the US went to an hourly (around $40 per hour, not sure if trainmen or enginemen) rate. 10 hour basic day with overtime after 10. They may have rest days on many assignments, not sure. Even at a 5 day work week that works out to $104K per year.
Jeff
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