Been to NS Bayveiw yard infrastructure is old in boxcar section is old and very little had been done since Conrail era and Pend Central era before that Yard expansion is constrained by N.E. corridor and Highway overpass. ground is swampy. Yard tracks look like they dated from 1930s
It took the federal safety transportation board for three years to figure out the obvious???
EuclidSo how does a railroad get more of those ideal stockholders instead of those that just want a quick buck?
Unfortunately, the stock market is open to anyone with the money to spend. The John Q Public's of the world don't have much clout - Their purchases (and sales) will be an insigificant trainsaction for virtually any stock.
The danger with when financial conglomerates get involved. They can trade huge amounts of stock, and will do what they can to bring in the yield - including getting representation on the board of directors, where they can try to manage the business so it best benefits them. The little guy be d****d.
As Balt notes, there are investment firms that seek a nice, consistent returns.
CSX was successful a few years in beating back The Children's Fund. But their intentions were kind of obvious. Now we've got PSR, an invenstment scheme masqurading as an operations plan.
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...
Euclid tree68 BEAUSABRE If it weren't for the "Wall Street Trash" (aka the owners), you wouldn't have a railroad You're right. The issue is the "investors" who are in it for the quick buck and not for growth over time. Ideally, a stockholder in the railroad should be interested in seeing their money put to best use to generate more money, so their portfolio grows. Those investors looking for the quick buck only care about what shows up in their checkbook tomorrow. So how does a railroad get more of those ideal stockholders instead of those that just want a quick buck?
tree68 BEAUSABRE If it weren't for the "Wall Street Trash" (aka the owners), you wouldn't have a railroad You're right. The issue is the "investors" who are in it for the quick buck and not for growth over time. Ideally, a stockholder in the railroad should be interested in seeing their money put to best use to generate more money, so their portfolio grows. Those investors looking for the quick buck only care about what shows up in their checkbook tomorrow.
BEAUSABRE If it weren't for the "Wall Street Trash" (aka the owners), you wouldn't have a railroad
If it weren't for the "Wall Street Trash" (aka the owners), you wouldn't have a railroad
You're right. The issue is the "investors" who are in it for the quick buck and not for growth over time. Ideally, a stockholder in the railroad should be interested in seeing their money put to best use to generate more money, so their portfolio grows.
Those investors looking for the quick buck only care about what shows up in their checkbook tomorrow.
So how does a railroad get more of those ideal stockholders instead of those that just want a quick buck?
The quick buckers are endemic to the 21st Century World. Bean counters think they control the world; they only care about extracting the last penny out of their victims before rigor mortise sets in on the financial corpse they leave behind.
Never too old to have a happy childhood!
I used to be invested in a mutual fund run by Ron Baron. It was called the Baron Asset Fund. It held stocks for the long-term and did very well. Ron retired and the new managers went to short-term profits. The fund started tanking and I bailed. I don't even know how it's doing nowadays.
Thinking of all the government owned rail systems in Europe and Asia, no Wall Street owners needed.....
Greetings from Alberta
-an Articulate Malcontent
BEAUSABREIf it weren't for the "Wall Street Trash" (aka the owners), you wouldn't have a railroad
Maybe the 'owners' should ride the side of cars!
Amen...
mudchickenSorry BALT....sore point that goes back to the 1980's and should be a hot-button issue on all railroads. What's even worse is the lack of awareness in the crafts plus the the ignorance of industry track owners. (long story - predates the frustration with PSR priority crap) NS ought to have a safety shutdown and then do a mass compliance issue...funded out of the $$$ that otherwise is distributed to the Wall Street Trash instead of invested in the plant.
NS ought to have a safety shutdown and then do a mass compliance issue...funded out of the $$$ that otherwise is distributed to the Wall Street Trash instead of invested in the plant.
The sore point for me goes back to the early & mid 1970's when I was Trainmaster at the B&O's Bayview Yard (now CSX) - on the other side of the PRR Main tracks (today's NEC) from the PRR (PC-CR now NS) Bayview Yard.
Incident is so senseless on so many levels.
Oh no no no.
Exactly what MC is saying... plus all the now-probably-forgotten knowledge on how peiple get on the cars, and off them, when flat-banging cars the PSR way...
Sorry BALT....sore point that goes back to the 1980's and should be a hot-button issue on all railroads. What's even worse is the lack of awareness in the crafts plus the the ignorance of industry track owners. (long story - predates the frustration with PSR priority crap)
It happening in the NS's Bayview Yard - I have no knowledge.
Track centers at that location was what? (certainly less than 13 feet, well below13'-6")
How old were the tracks in their current location? (grandfathering issue)
When was the last time ties and rails marked for clearance point & foul zone. ( I assume the track forces were decimated to start with or further reduced after PSR)
When was the last time now non-extant field engineers out there to mark and check the CP's?
The local safety guy is still on the payroll? (maybe get the next one from the track department side as a replacement)
Maryland COMAR 09.12.91.04 (2-14-1986)
A issue when the side of a car is ridden.
https://baltimore.cbslocal.com/2022/04/28/national-transportation-safety-board-baltimore-rail-yard-death/
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