Thanks for posting that link! That interview with Matt Rose is fascinating. Among other things he lays out several flaws wrt "maximizing shareholder value". By their nature railroads cannot be run and managed based on the next quarter's return. Any increase in performance can only be seen after many quarters have passed. Capital improvement takes years just to implement let alone see the results of. My takeaway: pursuing a better operating ratio at the expense of growing capacity to serve customers' needs can only ever end one way: Penn Central >>>>>>> Conrail.
The whole interview is a kind of unspoken criticism of PSR. Well, some of it spoken as well
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Lew
