LCJ wrote:M. Ward Presentation to Bear Stearns - 5/12/05
CSX is very optimistic!
I think the stuff linked here is total nonesense. I do think that CSX could
have a good future but it is being run into the ground. Maintenance has
been cut and the railroad is no longer in prime condition to handle the
business that it is and will be called on to handle.
One thing the powers to be with CSX said when they took over Conrail was that Conrail was "over maintained", I do not agree with that one.
Conrail had nowhere near as many bad derailments and signal failures as
are present today, fewer slow orders and crossings and signals were in
better shape than they are now.
The fact that they have created a nasty labor situation in one of their
biggest and most important terminals is another huge blunder on their
part. Selkirk is the type of place where both labor and management
really need to be working together in order that customers get the service
that they need and freight gets delivered on schedule.
I have a feeling that Mr. Ward either does not know what is going on or
does not want to know what is going on.
It is interesting to read this stuff and thanks for posting it.
Noel Weaver