Railroads post-PSR

(Source: American Journal of Transportation, March 30, 2020)

WASHINGTON, D.C. — From an investors’ perspective, North American railroads have had a pretty good run over the last thirty years. After decades of being characterized as inefficient, unprofitable and slow to adapt, railroads seemingly overnight became a business-media darling. How did it happen? Well, most rail pundits would say it was attributable to three letters: PSR. Precision Scheduled Railroading or PSR was the brain child of the late Hunter Harrison who worked for Illinois Central (IC), Canadian National (CN), Canadian Pacific (CP) and CSX.

Full story: American Journal of Transportation

Tuesday, March 31, 2020