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NITL's suggestions to STB for rail policy oversight

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Posted by Anonymous on Monday, November 7, 2005 8:10 PM
QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by gabe

QUOTE: Originally posted by Limitedclear

QUOTE: Originally posted by gabe

QUOTE: Originally posted by futuremodal

Still can't address the topic issue can you? You can only start a flame war, then get defensive when you get burned by it.

As a topic debater, you are impotent.

And I seriously doubt that you voted at all, let alone for Bush. The tone and content of your posts are more indicitive of a King County dumpster-diving captive pawn of the left.


Who is the flamer?


Gabe -

FM is still the original self fulfilling prophecy on this site...lol...

LC


Some things don't change with time


Gabe, just for posterity's sake, also reread LC's various cheap shots over the years before you hitch your moral wagon to him.


Gabe is smart enough to see you are sinking in a morass of your own design and making FM. You have smoked your own for so long you really believe your own lies...

LC
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Posted by Anonymous on Monday, November 7, 2005 9:48 PM
QUOTE: Originally posted by Limitedclear

QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by gabe

QUOTE: Originally posted by Limitedclear

QUOTE: Originally posted by gabe

QUOTE: Originally posted by futuremodal

Still can't address the topic issue can you? You can only start a flame war, then get defensive when you get burned by it.

As a topic debater, you are impotent.

And I seriously doubt that you voted at all, let alone for Bush. The tone and content of your posts are more indicitive of a King County dumpster-diving captive pawn of the left.


Who is the flamer?


Gabe -

FM is still the original self fulfilling prophecy on this site...lol...

LC


Some things don't change with time


Gabe, just for posterity's sake, also reread LC's various cheap shots over the years before you hitch your moral wagon to him.


Gabe is smart enough to see you are sinking in a morass of your own design and making FM. You have smoked your own for so long you really believe your own lies...

LC


The jury's still out on Gabe. Can't say the same for you. You are a lifer of a loser, you add nothing but scorn to this forum. The only difference between you and BTK is BTK got caught.
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Posted by Murphy Siding on Monday, November 7, 2005 10:01 PM
Dave: Maybe it's time you took a break from forums? Take a walk. Go to the library. Go sit by the railroad tracks. Life's too short to keep your blood pressure at an elevated level.

Thanks to Chris / CopCarSS for my avatar.

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Posted by Anonymous on Monday, November 7, 2005 10:04 PM
QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by Limitedclear

QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by gabe

QUOTE: Originally posted by Limitedclear

QUOTE: Originally posted by gabe

QUOTE: Originally posted by futuremodal

Still can't address the topic issue can you? You can only start a flame war, then get defensive when you get burned by it.

As a topic debater, you are impotent.

And I seriously doubt that you voted at all, let alone for Bush. The tone and content of your posts are more indicitive of a King County dumpster-diving captive pawn of the left.


Who is the flamer?


Gabe -

FM is still the original self fulfilling prophecy on this site...lol...

LC


Some things don't change with time


Gabe, just for posterity's sake, also reread LC's various cheap shots over the years before you hitch your moral wagon to him.


Gabe is smart enough to see you are sinking in a morass of your own design and making FM. You have smoked your own for so long you really believe your own lies...

LC


The jury's still out on Gabe. Can't say the same for you. You are a lifer of a loser, you add nothing but scorn to this forum. The only difference between you and BTK is BTK got caught.


No, the difference between me and BTK is that I'm not a low life two bit hood who kills for his own twisted entertainment. Hmmmm. Speaking of twisted, I'm talking to you again FM, what a coincidence. I'd tell you to go and untangle yourself, but that would be pointless. Like a hopelessly tangled longline we should just cut you loose and let you float in the gulfstream....

Your worthless self aggrandizing prattle does nothing but take up space here...

LC
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Posted by Anonymous on Monday, November 7, 2005 10:29 PM
LC is like cable TV : 57 channels and nothin's on......
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Posted by Murphy Siding on Monday, November 7, 2005 10:34 PM
OK Perhaps popcorn would be more appropriate?[xx(]

Thanks to Chris / CopCarSS for my avatar.

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Posted by Anonymous on Monday, November 7, 2005 11:02 PM
QUOTE: Originally posted by futuremodal

LC is like cable TV : 57 channels and nothin's on......


Hmmm. Well FM, unlike you, at least I have more than one channel and one show. And from where I sit, there's more going on than you'll ever even comprehend from that pea brain of yours...

LC
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Posted by Anonymous on Monday, November 7, 2005 11:08 PM
QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by gabe

QUOTE: Originally posted by futuremodal

Still can't address the topic issue can you? You can only start a flame war, then get defensive when you get burned by it.

As a topic debater, you are impotent.

And I seriously doubt that you voted at all, let alone for Bush. The tone and content of your posts are more indicitive of a King County dumpster-diving captive pawn of the left.


Who is the flamer?


I can see your legal training has kicked in. Aren't lawyers taught to only see (and subsequently defend/prosecute) one side of the arguement? Reread the thread and then tell me when the flaming started, and by whom.


Funny, I don't need to use my legal training to figure out who's rotten around here FM. My nose can sniff you out like the skunk you are...LOL...

LC
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Posted by edblysard on Tuesday, November 8, 2005 5:33 AM
Guys, guys...
Come on now...
The level and quality of the insults is sinking...we expect better use of the English language here...
Certainly two well read gentlemen such as your selves can come up with much more appropriate and verbose taunts beyond the schoolboy play ground swill here.

LC, I remember something sent to me by a feline fanatic...

"Never argue with an idiot...
They drag you down to their level, then beat you to death with experience..."


Ed[:D]

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Posted by oltmannd on Tuesday, November 8, 2005 12:48 PM
QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by oltmannd

Dave-

Are you just ignoring the idea that if OA was a win-win, the capital markets would fund it? Or, is this just an inconvenient fact?

I've put this out there twice, now.


Don,

Is the closed access system getting the funding from the capital markets? $35 billion from the public sector says no. OA also represents significant change, and that doesn't happen outside federal directive, aka energy market deregulation, et al.

Sometimes the federales need to give a "nudge" to make the right thing happen.


No, no, no. You're mixing apples and oranges. The $35B public sector money you say is out there now would not go away if capital markets funded OA. RRs are able to raise money from the capital markets. Big 4 US roads all have bond ratings above junk. Recent stock price says that market believes RR have future. If future is brighter with OA, they would fund it.

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by Anonymous on Tuesday, November 8, 2005 7:44 PM
QUOTE: Originally posted by oltmannd

QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by oltmannd

Dave-

Are you just ignoring the idea that if OA was a win-win, the capital markets would fund it? Or, is this just an inconvenient fact?

I've put this out there twice, now.


Don,

Is the closed access system getting the funding from the capital markets? $35 billion from the public sector says no. OA also represents significant change, and that doesn't happen outside federal directive, aka energy market deregulation, et al.

Sometimes the federales need to give a "nudge" to make the right thing happen.


No, no, no. You're mixing apples and oranges. The $35B public sector money you say is out there now would not go away if capital markets funded OA. RRs are able to raise money from the capital markets. Big 4 US roads all have bond ratings above junk. Recent stock price says that market believes RR have future. If future is brighter with OA, they would fund it.


Well, if you want the apples and oranges comparison, try this out for size: Do you agree there is a big difference between capital expenditures for rolling stock or the occassional siding, and building whole new segments of ROW from scratch? When you say "if capital markets funded OA" you must be refering to building whole new rail lines from scratch. If you're talking about the current rail network being split up into infrastructure and transporting, that is simply a restructuring, not a capital expenditure, so the capital markets would not necessarily be accessed soley for a shift to OA. The potential increase in private funding for railroads under OA would come from the new entrants and innovators, both of which are effectively barred under closed access.

You are aware of the introduction of OA into the electricity and telecommunications markets. What in your opinion have the capital markets said about those versions of OA? Hasn't investment in telecommunications and energy increased substantially since those sectors were opened up? You are also aware that OA has been adopted by most other rail systems in the world. Have you noticed the increase in private sector investment in those rail systems?

It should also be noted that OA may well be banned under current STB and FRA rules, neither of which has a rule making template for potential OA operations in the US. Why would the capital markets fund something that is not even allowed right now?
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Posted by oltmannd on Wednesday, November 9, 2005 7:32 AM
No, again. You don't understand capital markets very well. It's not my area of expertise, but I'll try to explain anyway.

Any RR, right now, could operate as a "toll road" for all comers. All it would take is mgt will to make it happen. If it's such a great idea, capital mkts would fund the purchase of the RR to install mgt to make it happen. Stock would go for a premium and no board would refuse to sell under those conditions.

Did you read Don Phillips column in Dec Trains? The top three frt RR countries are US, Russia and China. None of these have open access. What does that say to you?

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by MichaelSol on Wednesday, November 9, 2005 8:12 AM
QUOTE: Originally posted by oltmannd
[Did you read Don Phillips column in Dec Trains? The top three frt RR countries are US, Russia and China. None of these have open access. What does that say to you?

Two of these represent Capitalism, and what "markets" would invest in?

Whew!

Best regards, Michael Sol
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Posted by Anonymous on Wednesday, November 9, 2005 8:16 PM
QUOTE: Originally posted by oltmannd

No, again. You don't understand capital markets very well. It's not my area of expertise, but I'll try to explain anyway.

Any RR, right now, could operate as a "toll road" for all comers. All it would take is mgt will to make it happen. If it's such a great idea, capital mkts would fund the purchase of the RR to install mgt to make it happen. Stock would go for a premium and no board would refuse to sell under those conditions.



Hmmm, I don't understand capital markets? My econ degree says differently.

What you don't yet understand, though I've explained it to you twice, is that capital markets will not jump into an enterprise for which there is no legal parameters yet set up. OA can take on any number of forms, varying degrees of regulation, FRA and STB requirements, etc. As of yet, there is no such groundwork in place to define what OA in the USA would even look like. Even if one of the railroads decided to try out the OA concept, what guidance regarding government oversight would be needed? What you are suggesting is something better left to the venture capitalists, and even they would have to wait for a set of parameters before they would jump in.

The markets hate uncertainty, you should know that.

QUOTE:

Did you read Don Phillips column in Dec Trains? The top three frt RR countries are US, Russia and China. None of these have open access. What does that say to you?


That's not entirely true, in that the Russian and Chinese networks are nothing like the North American rail networks. They are either government owned or formerly government owned, and as such the shippers on those networks do not experience anything close to differential pricing, bottleneck rate gouging, paper barriers to shortlines, et al. OA is about shippers having access to competitive rates, whereas government run railroads give shippers access to subsidized rates. If the other railroads of the world aren't OA, then they are nationalized, or at least engender some characteristic thereof. One thing is for sure: They ain't proprietary, closed access oligarchies like we have here in North America (although the Russian lines could certainly be headed that way, given the whole Yukos thing.)
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Posted by Anonymous on Wednesday, November 9, 2005 8:37 PM
FM: Business is dynamic and is ever changing. Open Access is not the real question. The real question is closer to one of control, ownership, and future profitability which are a dynamic part of the nations private economy. Governments in business tend to be somewhat static. Those states are not really compatable when interfering with each other.MY [2c] for what it's worth. PL
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Posted by bobwilcox on Wednesday, November 9, 2005 8:41 PM
QUOTE: Originally posted by futuremodal
...networks do not experience anything close to differential pricing...


The last time I was in China(2003) they were using differental pricing. The first time I was in China(1985) they had no concept of pricing as a way to control demand. It appears sometime during this 18 year gap they thought about differental pricing and decided they liked what the could acheive.
Bob
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Posted by MichaelSol on Wednesday, November 9, 2005 9:43 PM
QUOTE: Originally posted by bobwilcox
The last time I was in China(2003) they were using differental pricing. The first time I was in China(1985) they had no concept of pricing as a way to control demand. It appears sometime during this 18 year gap they thought about differental pricing and decided they liked what the could acheive.

.... well, let us know when they discover the difference between elastic and inelastic demand.

Best regards, Michael Sol
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Posted by oltmannd on Thursday, November 10, 2005 12:16 PM
QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by oltmannd

No, again. You don't understand capital markets very well. It's not my area of expertise, but I'll try to explain anyway.

Any RR, right now, could operate as a "toll road" for all comers. All it would take is mgt will to make it happen. If it's such a great idea, capital mkts would fund the purchase of the RR to install mgt to make it happen. Stock would go for a premium and no board would refuse to sell under those conditions.



Hmmm, I don't understand capital markets? My econ degree says differently.

What you don't yet understand, though I've explained it to you twice, is that capital markets will not jump into an enterprise for which there is no legal parameters yet set up. OA can take on any number of forms, varying degrees of regulation, FRA and STB requirements, etc. As of yet, there is no such groundwork in place to define what OA in the USA would even look like. Even if one of the railroads decided to try out the OA concept, what guidance regarding government oversight would be needed? What you are suggesting is something better left to the venture capitalists, and even they would have to wait for a set of parameters before they would jump in.

The markets hate uncertainty, you should know that.


Marketers and train operators would fall under existing STB regs. ROW owners wouldn't need any more regulation than the owner of an office building. I don't see any real uncertainty or need for regulation. The REAL issue here is that OA would convert the RRs into the highly unprofitable airline service model. Isn't that obvious?

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by oltmannd on Thursday, November 10, 2005 1:22 PM
This just in! OA a smashing success in Europe!

http://www.iht.com/articles/2005/10/19/business/transcol20.php

NOT!

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

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Posted by edblysard on Thursday, November 10, 2005 1:50 PM
There ya go again, screwing up a perfectly good fantasy with facts
Ed[:D]

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Posted by CSSHEGEWISCH on Thursday, November 10, 2005 2:25 PM
Don Phillips has an excellent way of presenting the facts as they are, whether we like it or not. In addition, OA isn't working as well in Australia as some people would like to believe.
The daily commute is part of everyday life but I get two rides a day out of it. Paul
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Posted by MichaelSol on Thursday, November 10, 2005 3:12 PM
Inadvertently, Phillips misses the salient point underlying railroading in their respective contexts, that is, the overall performance of the economic systems of which railroads are, and always have been, a bellwether. Railroads usually do better when the economies they operate in do better, and worse when they don't.

But, that's not always even true. There's been one salient exception: US Railroads after deregulation.

Despite the credit given to the Stagggers Act, for those with a slightly longer memory, I still recall the "failure" of the Staggers Act .

At the end of five years of deregulation, even during an economic boom, economists and railroaders alike were looking at the following statistics with some dismay:

ROI/Railroads
1980 4.2%
1981 4.0%
1983 2.1%
1984 3.6%
1984 4.7%
1985 3.6%
1986 3.5%

Similarly, the Return on Equity
1980 6.0%
1981 10.5%
1982 5.4%
1983 7.3%
1984 9.9%
1985 6.8%
1986 2.1%

Twenty years later, the statistics finally look much better, but is that realistically the result of the Staggers Act? Railroads still underperform other US corporations by about the same amount that they did in 1978. So did railroads realistically improve ... or did the economy?

Is Phillips as surprised as he implies that European railroads are doing poorly in the matrix of national economies that are barely growing? He seems to be totally unaware of the general, and much discussed, economic malaise currently afflicting Europe.

Yet, our US rates of growth in the 1950s and 1960s were small ... and our railroads performing poorly.

Was that regulation? Or the economics of railroading reflecting the national economy?

Today US railroads are booming. Is that deregulation? Or the economics of railroading reflecting the national economy?

The figures from the 1980s are a statistical suggestion that deregulation was not a significant factor in railroad performance, since in fact there was no improvement under deregulation, but rather a decline in overall economic performance and health after deregulation.

The US economy had begun to improve solidly 1982-1987. The railroads oddly enough did not reflect that improvement during that time. Historically, that is unusual.

Best regards, Michael Sol

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Posted by Anonymous on Thursday, November 10, 2005 8:10 PM
QUOTE: Originally posted by oltmannd

QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by oltmannd

No, again. You don't understand capital markets very well. It's not my area of expertise, but I'll try to explain anyway.

Any RR, right now, could operate as a "toll road" for all comers. All it would take is mgt will to make it happen. If it's such a great idea, capital mkts would fund the purchase of the RR to install mgt to make it happen. Stock would go for a premium and no board would refuse to sell under those conditions.



Hmmm, I don't understand capital markets? My econ degree says differently.

What you don't yet understand, though I've explained it to you twice, is that capital markets will not jump into an enterprise for which there is no legal parameters yet set up. OA can take on any number of forms, varying degrees of regulation, FRA and STB requirements, etc. As of yet, there is no such groundwork in place to define what OA in the USA would even look like. Even if one of the railroads decided to try out the OA concept, what guidance regarding government oversight would be needed? What you are suggesting is something better left to the venture capitalists, and even they would have to wait for a set of parameters before they would jump in.

The markets hate uncertainty, you should know that.


Marketers and train operators would fall under existing STB regs. ROW owners wouldn't need any more regulation than the owner of an office building. I don't see any real uncertainty or need for regulation. The REAL issue here is that OA would convert the RRs into the highly unprofitable airline service model. Isn't that obvious?


The "highly unprofitable airline service model" to which you refer is predicated on the hauling of passengers, and those airlines that are struggling the most are the ones with the worst pricing/service structures. Isn't that obvious?
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Posted by Anonymous on Thursday, November 10, 2005 8:36 PM
QUOTE: Originally posted by oltmannd

This just in! OA a smashing success in Europe!

http://www.iht.com/articles/2005/10/19/business/transcol20.php

NOT!


LSHMCOOMN!

Of all the crap that Don Phillips has put out there, this article was probably the worst (and given the fact that he was a Washington Post hack, that's saying alot!) This was commentary at best, with no references for comparison. It is fantasy, the way AAR wishes the real world was instead of facing the world as it really is.

Tell me oltmannd, where are his references? his statistics of comparison? None? Hmmm, not suprising at all.

He quotes one so-called "British Rail consultant" as saying things in Europe are a mess all due to OA, yet he reluctantly admits the varying governments' foot dragging has effectively delayed things. The entire (and disparate)European rail system was formerly government run railroads, with all the inherent inefficencies of government run railroading (aka: Amtrak). I guess you thing the Europeans should have sold the entire system to one of the US Class I's, since of course they are such great contributors to the societal welfare here in the US! Not!

God help the Iraqis if Hemphill and company turn that system into the closed access nightmare of captive shippers, bottleneck rate gouging, paper barriers to shortlines, et al! Then for sure they'd all want Saddam back!

If you had even bothered to read the "British Rail Operations" thread on this very forum, you would know that the predominance of passenger trains is the main reason freight cannot be transfered from road to rail. That is Europe's Achilles Heel when it comes to freight railroading, capacity is maxed with too many passenger trains. However, even with that inherent drawback, railroad freight marktet share in Britiain has increased 40% since OA was established (source: The "British Rail Operations" thread). Read the Italian OA thread I started, you will see yet another new business utilizing rail for intermodal movements, a business that would be on the roads right now if European railroads had remained nationalized or gone North American-style closed access.

The fact is this: Business opportunities are being explored and develped under OA in Europe, despite the fact that passenger services hog the mainlines, and it's something that would NEVER had happened under a closed access regime. Even you would have to admit to that.

Closed acces is an anachronism that should rightly go the way of the buggy whip.
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Posted by MP173 on Thursday, November 10, 2005 10:42 PM
Michael:

Regarding your excellent statistical commentary about ROI and ROE immediately post Staggers...I would venture to say it took awhile for the effects to kick in:

1. Lots of weeding out of branch lines and secondary routes, including spin offs to regionals and short lines. That entire process (although I dont have the data to prove it) probably took most of the 90's to do.
2. Mergers really took off during the 80's which should have (again no statistics) been an improvement to returns. (CSX merger, UP, NS, etc.)
3. Productivity gains took most of the 80's to realize as crew sizes reduced from four to two over the 10 year period.
4. No doubt there were write offs in the early to mid 80's based on the sale or abandonments of assets, plus the buy outs from the productivity gains.

Those are the only ones I can think of now.

Am I a mouthpiece for AAR or the rails? Hardly. Their returns are far too low to attract my capital, other than CN, which has been held for over 10 years (thru IC).

The deregulation of any industry is very painful in the early years. I personally experienced it in LTL trucking...talk about a bloodbath of carriers that went by the wayside.

The rails are just now starting to get some pricing power, which as we have discussed on the other thread...is painful for some to realize.

I am still not convinced we are in an economic boom. The loss of manufacturing scares the crap out of me...and Dave most of those jobs left the country because of lower wages in the manufacturing process not because of captive freight charges as I have proven earlier.

Time to call it a night.

ed

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Posted by Anonymous on Thursday, November 10, 2005 11:26 PM
In short: it seems that the railroads had to do some 1. housekeeping 2. some personell adjustments 3. some real estate adjustments and 4 some real hard work. The thing that is most impressive about the 80's though is that the railroads fianlly decided to start being a business and not a public utility. How close am I?
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Posted by MichaelSol on Friday, November 11, 2005 9:25 AM
QUOTE: Originally posted by MP173
3. Productivity gains took most of the 80's to realize as crew sizes reduced from four to two over the 10 year period.

I agree that this was the big one from an expense reduction standpoint, but what on earth did that have to do with Staggers? Staggers did not address collective bargaining agreements.

MILW was the pioneer in renegotiating these agreements and I have discussed those negotiations with most of the key executives involved. None of them mentioned Staggers as having anything to do with the crew reduction agreements.

Best regards, Michael Sol
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Posted by bobwilcox on Friday, November 11, 2005 9:49 AM
QUOTE: Originally posted by piouslion

In short: it seems that the railroads had to do some 1. housekeeping 2. some personell adjustments 3. some real estate adjustments and 4 some real hard work. The thing that is most impressive about the 80's though is that the railroads fianlly decided to start being a business and not a public utility. How close am I?


Very few railroaders coming up through Traffic Departments were able to make the transition from a public utility to a business enviroment. This was equally true of traffic managers at rail shippers. At a personal level these were very hard adjustments for most people to make. I can think of a few people that literally went crazy. The hudge reductions of middle managers in the 1980s with buyouts speeded the process. Currently there are virtually no managers in railroad's sales and marketing departments or in customer's physical distribution departments that were working before Staggers.
Bob
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Posted by oltmannd on Friday, November 11, 2005 9:51 AM
QUOTE: Originally posted by futuremodal

QUOTE: Originally posted by oltmannd

This just in! OA a smashing success in Europe!

http://www.iht.com/articles/2005/10/19/business/transcol20.php

NOT!


LSHMCOOMN!

Of all the crap that Don Phillips has put out there, this article was probably the worst (and given the fact that he was a Washington Post hack, that's saying alot!) This was commentary at best, with no references for comparison. It is fantasy, the way AAR wishes the real world was instead of facing the world as it really is.

Tell me oltmannd, where are his references? his statistics of comparison? None? Hmmm, not suprising at all.

He quotes one so-called "British Rail consultant" as saying things in Europe are a mess all due to OA, yet he reluctantly admits the varying governments' foot dragging has effectively delayed things. The entire (and disparate)European rail system was formerly government run railroads, with all the inherent inefficencies of government run railroading (aka: Amtrak). I guess you thing the Europeans should have sold the entire system to one of the US Class I's, since of course they are such great contributors to the societal welfare here in the US! Not!

God help the Iraqis if Hemphill and company turn that system into the closed access nightmare of captive shippers, bottleneck rate gouging, paper barriers to shortlines, et al! Then for sure they'd all want Saddam back!

If you had even bothered to read the "British Rail Operations" thread on this very forum, you would know that the predominance of passenger trains is the main reason freight cannot be transfered from road to rail. That is Europe's Achilles Heel when it comes to freight railroading, capacity is maxed with too many passenger trains. However, even with that inherent drawback, railroad freight marktet share in Britiain has increased 40% since OA was established (source: The "British Rail Operations" thread). Read the Italian OA thread I started, you will see yet another new business utilizing rail for intermodal movements, a business that would be on the roads right now if European railroads had remained nationalized or gone North American-style closed access.

The fact is this: Business opportunities are being explored and develped under OA in Europe, despite the fact that passenger services hog the mainlines, and it's something that would NEVER had happened under a closed access regime. Even you would have to admit to that.

Closed acces is an anachronism that should rightly go the way of the buggy whip.


Thanks for attacking Don Phillips and Mark Hemphill. That really helped your arguement...

So, the issue is HIGHWAY vs RAIL? The measure of success is how much traffic you divert from HIGHWAYS? I thought single rail line shippers were CAPTIVE and there was no such thing as HIGHWAY competition for them?

Truckload IM shipments around here are up 20% YOY. How'd that happen?

....and we all know how the European economy is booming....

-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/

  • Member since
    May 2004
  • From: Valparaiso, In
  • 5,921 posts
Posted by MP173 on Friday, November 11, 2005 4:12 PM
Ok, so productivity gains had nothing to due with Staggers, but it did have quite a bit to do with the increased margins.

Probably just as important (and I missed it) was the changes in accounting which made it much more profitable to be a railroad.

And that, I do believe was a Staggers benefit.

ed

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