oltmanndThe numbers say CSX is in the ditch. Dwell is up. Train speed is down. Cars on line has increased even as business has dropped off. This is a classic congested railroad set of numbers. The trend seems to be in the wrong direction, as well. What we don't know is if EHH has monkeyed with any of the measures definitions. He was not a fan of the public numbers at CN and CP. They did not publish when he was there. He can't pull CSX out because they are mandated by the STB to publish. He CAN monkey with the definitions a bit to soften the impact of poor operations on the numbers, however.
The trend seems to be in the wrong direction, as well.
What we don't know is if EHH has monkeyed with any of the measures definitions. He was not a fan of the public numbers at CN and CP. They did not publish when he was there. He can't pull CSX out because they are mandated by the STB to publish. He CAN monkey with the definitions a bit to soften the impact of poor operations on the numbers, however.
If what we are seeing are EHH's 'sharpened' numbers, heaven help us on what the REAL numbers are.
Never too old to have a happy childhood!
The numbers say CSX is in the ditch. Dwell is up. Train speed is down. Cars on line has increased even as business has dropped off. This is a classic congested railroad set of numbers.
-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/)
https://seekingalpha.com/article/4097968-csx-operational-woes-lead-customer-complaints-losses-harrison-apology?auth_param=1e0t0b:1cori3k:3741cfd693bdc5d0887c890f80fb007b&uprof=46&dr=1
Summary There are definitely naysayers looking for any opportunity to critique Harrison’s performance at CSX. My personal opinion is that CSX’s network is fundamentally different from that of the Canadian rails, so I am interested to see how well Harrison’s strategies will pan out. For investors, recent trends for CSX have been tough due to the public scrutiny of the company’s service issues and as geopolitical risks have intensified. Since CSX’s stock price peak at $55, it has fallen by 10 percent. Getting insights into the happenings as have been reported is good to keep tabs on, especially as time goes by.
There are definitely naysayers looking for any opportunity to critique Harrison’s performance at CSX. My personal opinion is that CSX’s network is fundamentally different from that of the Canadian rails, so I am interested to see how well Harrison’s strategies will pan out.
For investors, recent trends for CSX have been tough due to the public scrutiny of the company’s service issues and as geopolitical risks have intensified. Since CSX’s stock price peak at $55, it has fallen by 10 percent. Getting insights into the happenings as have been reported is good to keep tabs on, especially as time goes by.
CSX stock way up this morning for some reason. Funny how that is. Lately stock prices recede on good news and advance on bad news..Getting nervous now.. CN on track for another record breaking quarter..may be time to sell out.
Thanks for the replies. It's depressing to hear but thanks anyway.
slotracer Such is Eugene's "transitory hiccups" from his circumsision railroading. We have businesses to run. We have switched a bunch of traffic and as we work out some transloads and expand some truck unloading cpacity issues at a couple plants even more traffic wil come off the CSX. Once we invest what we ned to on those logisitcal assetts, we will enter into long term contracts with the truckers and that volume will be off CSX for a good number of years to come.
Such is Eugene's "transitory hiccups" from his circumsision railroading. We have businesses to run. We have switched a bunch of traffic and as we work out some transloads and expand some truck unloading cpacity issues at a couple plants even more traffic wil come off the CSX. Once we invest what we ned to on those logisitcal assetts, we will enter into long term contracts with the truckers and that volume will be off CSX for a good number of years to come.
Then EHH can sideline or sell more assets, furlough or fire more employees and run his "precision railroad".
It won't be long, and he can announce that he won't be buying anymore engines or equipment for this dying railroad business.
Jeff
Absolutely not, they have been worse the last 2-3 weeks. Cars out of route by hundreds of miles. Cars sitting at Atlanta for 8-9 days, my Florida plant they shut down a week ago fo rnot switching them for over a week, almost did it again yesterday. I am losing track of al the trucks I ma running to keep plants going, having to act early on the trucks as so many are trucking to keep plants going due to CSX issues that trucks are hard to get in many places. One region in the Southeast is all gummed up, operations folks I know tell me it is the constant changes to the operating plan without sufficient fleshing out the details of how the operating plan is supposed to work is one culprit. PArking locomotives and trying to run long trains is another. Getting rid of helpers and having trains double the hill is congesting large sections of mainline.
Many of my CSX vendors are shipping rail very late as they are running out of empties due to significant delays.
I know that many CSX yards were plugged when EHH first closed down their humps. I just wondered if things were moving any better now. I live close the Nashville TN. I do see a fair number of trains moving. Of course, I am looking from the outside in and I don't have anything but anecdotal knowledge.
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