Employed as: Other, non-employee, for N/A
Posted: 06 September 2017
HH is winning the information war (see article below)! He will continue
to reduce assets, reduce head count, sell off line segments, property,
terminals and push his vision and ideas down through the CSX
organization and out into the media. As long as the board supports him
nothing will change. This is the same playbook he used at CP and CN. I
would like to believe it will be different this time, however I do not
believe it will, it will simply be more painful for everyone at CSX.
The sad truth is a lot of good people will lose their job.
Labor leadership appears to have a policy of appeasement with HH and
concerned on with the long-term, however, once autonomous trucks become
acceptable, how long before there are one man crews or in some cases no
Remember the STB hurdle/requirements for any new class 1 merger, quite
a different set of requirements versus the CSX&CR, NS&CR, UP&SP and
BN&ATSF mergers. It may be HH's biggest challenge.
Stay focused and safe.
Progressive Railroad Article today
CSX has made "very good progress" in its transition to a precision
scheduled railroading model, with the railroad returning to a "normal
operating rhythm," President and Chief Executive Officer E. Hunter
Harrison announced today.
Harrison is now confident many of the service problems recently
reported by CSX customers "are behind us," according to a CSX press
"Fluidity in our terminals largely has been restored and we are
appropriately resourced to continue making progress. Car dwell has
improved from week to week for the last five weeks, and system-wide
velocity is increasing," said Harrison. "I am confident that as CSX
continues to implement the precision scheduled railroading model, it
will provide profound and lasting benefits to customers, employees and
CSX's progress on its operational restructuring also was addressed
this morning by Executive Vice President and Chief Financial Officer
Frank Lonegro at Cowen and Co.'s 10th Annual Global Transportation
conference in Boston.
In light of CSX's operating challenges in July and August, the company
has refined its 2017 full-year guidance from an operating ratio in the
mid-60s to an operating ratio around the high end of the mid-60s, and
earnings per share growth from around 25 percent to a range of 20
percent to 25 percent, in each case after excluding restructuring
charges, said Lonegro, according to the press release.