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Freight continues to slump

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Posted by Psychot on Saturday, October 19, 2019 4:40 AM

Shadow the Cats owner

Let's just compare the two platforms of the parties based on their candidate's that are running out there shall we. On the donkey side of things we have the open borders massive increases in taxes regulations gun grabbing jam everything down your throat and your going to like it or else along with paying for crimes that not one of us was alive for whenever they occurred in reperatations to certain groups of people. 

 

On the other side of the fence. Someone that's fighting to get American jobs back cutting regulations so our businesses can compete in the global market is taking on the toughest issues like border security unfair Trade practices of nations oh BTW has gotten Apple computer to produce their new Macintosh in the USA. He also in the last 3 years has by cutting regulations created more jobs than there are unemployed lowest minority rates in history lowest rates for women in history highest real wage growth since 92. Yet all we here on the media is he's done a terrible job. Just think about that. Which way would you vote if the media was covering him the way they covered the last president before him. You know the one that could do nothing wrong. 

 

The foregoing is a nearly perfect encapsulation of the worldview of the 40% of our country that’s going to vote for Trump come hell or high water. Unfortunately, virtually none of it is true.

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Posted by BaltACD on Friday, October 18, 2019 10:00 PM

samfp1943
 
zugmann

I need to set up a Kool-aid stand in here. 

    I'd like to see one selling popcorn and lemonade! Whistling

Whistling  Just a brief observation.. Had a brief conversation with a local BNSF Roadmaster at the 7/11... He mentioned that their 'count' between Wellington and Mulvane is still in the 50/60 trains a day; I guess they haven't gotten "The Memo" out here..Dots - Sign

Screw Kool-Aid, lemonade and pop-corn, we are adults - BBQ and adult beverages - mass quantities!

Never too old to have a happy childhood!

              

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Posted by samfp1943 on Friday, October 18, 2019 9:28 PM

zugmann

I need to set up a Kool-aid stand in here.

 

    I'd like to see one selling popcorn and lemonade! Whistling

Whistling  Just a brief observation.. Had a brief conversation with a local BNSF Roadmaster at the 7/11... He mentioned that their 'count' between Wellington and Mulvane is still in the 50/60 trains a day; I guess they haven't gotten "The Memo" out here..Dots - Sign

 

 

 

 


 

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Posted by zugmann on Friday, October 18, 2019 9:05 PM

I need to set up a Kool-aid stand in here.

It's been fun.  But it isn't much fun anymore.   Signing off for now. 


  

The opinions expressed here represent my own and not those of my employer, any other railroad, company, or person.t fun any

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Posted by Shadow the Cats owner on Friday, October 18, 2019 8:52 PM

Let's just compare the two platforms of the parties based on their candidate's that are running out there shall we. On the donkey side of things we have the open borders massive increases in taxes regulations gun grabbing jam everything down your throat and your going to like it or else along with paying for crimes that not one of us was alive for whenever they occurred in reperatations to certain groups of people. 

 

On the other side of the fence. Someone that's fighting to get American jobs back cutting regulations so our businesses can compete in the global market is taking on the toughest issues like border security unfair Trade practices of nations oh BTW has gotten Apple computer to produce their new Macintosh in the USA. He also in the last 3 years has by cutting regulations created more jobs than there are unemployed lowest minority rates in history lowest rates for women in history highest real wage growth since 92. Yet all we here on the media is he's done a terrible job. Just think about that. Which way would you vote if the media was covering him the way they covered the last president before him. You know the one that could do nothing wrong. 

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Posted by Juniata Man on Friday, October 18, 2019 4:48 PM

Post deleted.

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Posted by azrail on Friday, October 18, 2019 2:48 PM

If any of the the 20 commie clowns gets in to the White House, the RRs would be bankrupt and/or nationalized within a few years

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Posted by Psychot on Friday, October 18, 2019 2:55 AM

Uncle_Bob

A couple observations.  One, Trump is giving us an object lesson in how the traditional Democrat desire for high tariffs turns out.  It's both humorous and sad to watch Democrat politicians run around screaming about free trade being hurt by tariffs, when they've spent their careers hectoring everyone about the horrors of unfettered international capitalism.  Second, a large reason why he is going after China is because they have engaged in things like corporate espionage and demanding that they get to know every aspect of anything that is made there -- and our idiot business leaders have gone along with it because a) they wanted to keep production costs low and b) they see China as a huge market (which it is -- for Chinese businesses).  Third, the alternative to Trump is to elect one of the 20 or so socialists trying to pass themselves off as the intellectual and fiscal descendants of JFK.  The only thing Fauxcahontas and Jack Kennedy have in common is they were elected to the Senate as Massachusetts Democrats, and the other 19 are in the same canoe, er boat as the condescending schoolmarm with the non-American Indian cheekbones. 

 

Trump is obsessed with largely irrelevant metrics like trade deficits, to the exclusion of everything else. The likelihood that he will come out of this having succeeded in curbing intellectual property theft and state-owned capitalism in China is virtually nil. The more likely result is an agreement to lower tariffs marginally on selected goods without touching the aforementioned issues, which Trump will then attempt to pass off as a historic win.

I agree that the alternatives to Trump aren’t great, but at this point, I’ll take anyone who isn’t a narcissistic, thin-skinned igoramus who governs by Tweet. 

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Posted by Uncle_Bob on Thursday, October 17, 2019 10:19 PM

A couple observations.  One, Trump is giving us an object lesson in how the traditional Democrat desire for high tariffs turns out.  It's both humorous and sad to watch Democrat politicians run around screaming about free trade being hurt by tariffs, when they've spent their careers hectoring everyone about the horrors of unfettered international capitalism.  Second, a large reason why he is going after China is because they have engaged in things like corporate espionage and demanding that they get to know every aspect of anything that is made there -- and our idiot business leaders have gone along with it because a) they wanted to keep production costs low and b) they see China as a huge market (which it is -- for Chinese businesses).  Third, the alternative to Trump is to elect one of the 20 or so socialists trying to pass themselves off as the intellectual and fiscal descendants of JFK.  The only thing Fauxcahontas and Jack Kennedy have in common is they were elected to the Senate as Massachusetts Democrats, and the other 19 are in the same canoe, er boat as the condescending schoolmarm with the non-American Indian cheekbones. 

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Posted by BaltACD on Thursday, October 17, 2019 8:25 PM

jeffhergert
In one location on a certain railroad local management had been working with a couple of cereal manufacturers to load containers there.  Volume was said to have been 20000 to 30000 containers per year.   The marketing department pulled the plug on this and, in effect, told the local managment to mind their own business.  This from a company that has on their employee website a link to let them know of any business that the railroad could pursue. 

Someone the other day said they've passed up over $100 million worth of business.  Because it was business in $5 to $10 million increments.  I think if they had a corporate softball team (maybe they do) they would probably only count the home runs.  

Jeff 

When I was still working - some local officials prospected some business and got shut down by sales and marketing - and this was before the PSR attack.

Never too old to have a happy childhood!

              

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Posted by charlie hebdo on Thursday, October 17, 2019 7:34 PM

In a word,  stupid. 

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Posted by jeffhergert on Thursday, October 17, 2019 6:25 PM

In one location on a certain railroad local management had been working with a couple of cereal manufacturers to load containers there.  Volume was said to have been 20000 to 30000 containers per year.   The marketing department pulled the plug on this and, in effect, told the local managment to mind their own business.  This from a company that has on their employee website a link to let them know of any business that the railroad could pursue. 

Someone the other day said they've passed up over $100 million worth of business.  Because it was business in $5 to $10 million increments.  I think if they had a corporate softball team (maybe they do) they would probably only count the home runs.  

Jeff 

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Posted by CMQ_9017 on Monday, October 7, 2019 8:05 PM

Several of my customers purchased one quarter's worth of inventory in only one month to beat the tariff deadlines.... that means of course, we were quiet not the remaining two months of the quarter, but also the subsequent period afterwards. Then everyone is scratching their heads... "but we were so busy for a month there, what happened?"

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Posted by charlie hebdo on Monday, October 7, 2019 6:58 PM

Just like our chaotic foreign policy,  it's a chaotic economic policy based on lunatic theories and tweets. And uncertainties are bad in both arenas. 

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Posted by jeffhergert on Monday, October 7, 2019 6:57 PM

The link sent me to 'page not found'.  Going to their home page, I found the article.  I was going to post that link, but it was the exact same one as the original.

What I found interesting, is that car loadings were always felt to be a barometer of the economy.  That article seems to sweep that notion aside.  With their obsession with lowering the Operating Ratio and cutting this and eliminating that, the class ones are going to make the freight business about as relevant as passenger trains.

Jeff

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Posted by Euclid on Monday, October 7, 2019 5:54 PM

I got to the link and it worked for a time, but then wanted me to register.  It does seem that the railroads are now kind of a "canary in the coal mine" for something like a serious economic downturn.  Unless this flips back for the good soon, we might be in for a ride.  I have felt that this drawn out process of ratcheting up the tariffs and the threats may be fueling a strong reaction that will be delayed like a monster tsunami that follows a mild earthquake.   

One point I saw in the article was that the talk and threats of tariffs caused U.S. distributors to stock way up on inventory to beat the higher prices sure to accompany the tariffs.  So now, they are way overstocked and are selling that expanded inventory before buying any new inventory.  So, for the time being, shipping is way down due to the loss of traffic of goods subject to the tariffs.  But don't worry.  Peter Navarro assures us nothing bad will happen to us.  And they have dialed down the threats for a while just to make sure we have a nice Christmas.   

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Freight continues to slump
Posted by charlie hebdo on Monday, October 7, 2019 9:41 AM

https://www.bloomberg.com/news/articles/2019-10-07/american-railroads-are-already-in-recession-with-no-end-in-sight

Sorry,  the link doesn't work.  The gist is the decline in carloadings is worsening,  much of it a result of our trade wars. 

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