Alternative Energy Blues

To publish this blog I access a number of sources. The following are my most commonly accessed information sources Trains Magazine Progressive Railroading The Surface Transportation Board Seeking Alpha Google News Solutionary Rail Friends and allies https://en.wikipedia.org/wiki/List_of_Class_I_railroads https://en.wikipedia.org/wiki/Railroad_classes https://www.stb.gov/stb/faqs.html# econ How are railroads classified? Answer. Class I railroads are regulated by the STB and subject to the Uniform System of Accounts ( 49 CFR 1201 ). These carriers are also required to file annual and periodic financial and statistical reports. Railroads are classified based on their annual operating revenues. The class to which a carrier belongs is determined in accordance with the following revenue thresholds: Class I - $447,621,226 or more Class II - Less than $447,621,226 but in excess of $35,809,698 Class III - $35,809,698 or less These revenue thresholds are ...

The trend at CN, CP, then CSX has spread to Union Pacific.  Pursuit of an earnings ratio/profit margin mirage shrinks railroad service and roads across the entire country.  The resulting job cuts leads to rejoicing in the stock market.  Economic criminals reap the rewards.  We've already learned of this free market perversion at CSX.  Let's find out the sadistic story at Union Pacific.  First there were the usual 750 layoffs in 2017. Then there was the change in philosophy in favor of E. Hunter Harrison's Precision Scheduled Railroading (PCS)  Then there were the 675 layoffs and firings of contract workers in 2018. Now, the corporation is laying off 475 workers and again, another 200 contract workers in 2019. Now, just like at CSX, an E. Hunter Harrison clone becomes Chief Operating Officer . Check out Unified Plan 2020 .  This will result in a 30 percent reduction in employment by 2020 at Union Pacific. The firings ...