Posted on 10/24/2021 7:32:04 PM PDT by RomanSoldier19
The chief executives at CSX Corp. CSX 1.17% and Union Pacific Corp. UNP 2.73% say a lack of truck drivers, equipment and warehouse workers are causing congestion in their yards, forcing the railroad operators to turn down some business during a time of high demand for shipping companies.
The railroads are also facing issues within their own operations, from damaged bridges to difficulty hiring conductors, that they say are hampering them from transporting more goods.
“You dream about days like this when the phone is ringing off the hook, and customers saying, ‘Pick up my stuff and move it for me,’” CSX CEO Jim Foote said in an interview Wednesday. “This is the time we want to shine.”
Union Pacific on Thursday reported flat shipping volume in the third quarter from the comparable period last year, due to declines in auto shipments stemming from chip shortages and supply-chain congestion. Earlier this year, the company said that shipping volume could rise as much as 7% in 2021; the railroad now sees that maxing out at 5%.
(Excerpt) Read more at wsj.com ...
According to my son, who is an engineer, these companies are also mandating a “vaccinate or be terminated” policy. All you need is a bunch of railroad guys to walk off the job, which many are threatening to do.
I think Atlas is about to shrug. What’s next, a tunnel cave-in in Colorado?
I personally am a hospital engineer that said KMA.
I will NOT be forced to take an experimental shot.
“Congestion”
The 1.17 and 2.73 as posted make no sense. Please learn to post correctly.
Exactly, the approved vaccine is NOT available in the US. ALL vaccines currently available are still experimental.
“...difficulty hiring conductors”
I hear they have a big role in freight train operations.
Everyday, going going Galt looks better and better. Soon enough the pain of change will be less than the pain of the status quo.
No. That was not the point. Learn to read.
Of course the railroads are at times their own worse enemy. Closing rail yards, single tracking, and E. Hunter Harrison’s precision railroading business model, while great for cost cutting and profits, left the industry unable to quickly respond to changing demand. Throw in labor shortages, mandates, and Team Biden, you have the recipe for further supply chain collapse.
Taint nothing an opium suppository shouldn’t fix.
I was a conductor for BNSF. F#CK BNSF and the railroads.
Inside baseball... They can use their mileage of tracks to store the f#cking cars. They do it all the time. Just run a train(sluggishly) while waiting on the customers to request the commodity. I’m guessing Buffet is looking for some gubment funds.
Lack of conductors. lol. They paid me well but I still say F#CK them. They get paid $400 to move a car in an industry about 200 feet and there are 20 cares to move, takes about an hour. Stupid money that they don’t pay to the people doing the slavish work.
I meant they paid me about 100K. But I was on call 24/7 and really had no workers rights. Do it or get fired.
Have all the railyard workers going 24/7. Fire anyone who won’t take the vax. Pay them an extra sixty minutes an hour. We’ll raise your taxes to do it. Come on and pay your fair share. The roaring 20s are here. Let’s outlaw booze. Just for old time’s sake.
It is probably change in stock price, either “+” or “-”
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