WHY DO RAILROADERS HATE PSR SO MUCH? | Precision Scheduled Railroading | Railroad Economics 035

Shop at Amazon? Please use Railroad Economics' affiliate link. As an Amazon Associate I earn from qualifying purchases. There is absolutely no additional cost to you. CLICK HERE: https://amzn.to/4xXiTHt **** VIDEO DESCRIPTION **** Precision Scheduled Railroading, better known as PSR, transformed the economics and operations of North American freight railroads. It helped major railroads reduce costs, improve operating ratios, increase asset utilization and become more efficient. So why do so many railroaders seem to hate it? In this episode of Railroad Economics, we explore the history of Precision Scheduled Railroading and E. Hunter Harrison, how PSR spread through the railroad industry, and why Wall Street embraced it. We’ll also look at the other side of PSR, including workforce reductions, longer freight trains, yard consolidations, locomotive utilization, customer service concerns and what happens when a railroad operates with less excess capacity. We’ll also discuss the difference between the original principles of Precision Scheduled Railroading and the cost cutting that has become associated with PSR, plus whether PSR is really responsible for the foreign locomotives and run-through power railfans frequently see today. PSR has unquestionably changed modern freight railroading. The bigger question is whether it made the railroad industry better—or simply more efficient.