by carajul
For 2006 NS had a net income of $1.5 billion. A long cry from the late 60s when PC was losing $800k/day.
Railroad Forums
nick11a wrote:Hope the trainmen get a better contract and all now- what they get now is not the greatest.
Block you're right, they push you to the limit and the hours and long and hard - what does that equal? Fatigue - a problem that is HUGE in the railroad industry.
But all that doesn't matter because the tracks are good and they have record profits...........
With all of this profit, it just seems NS could bump up the employee pay a bit. Right now, for a lot of NS crewmen, it is barely enough to live off of.Exactly Nick - NS has yet to realize that the cost of doing operations in the Northeast, and in particular this area, is much higher than down in the South and Western parts of their operating area - and the people who suffer are the ones who work here in NJ and the Northeast. Workers are forced to work OT just to make enough money to keep their head above water. This leads to over-working and fatigue. Which again, fatigue is a MAJOR problem in the rail industry, so much so that the FRA and Congress are looking into the problem and proposing changing hours of service regulations, mainly due to the number of accidents, reported and unreported that can be attributed to fatigue.
nick11a wrote:Apparently, there isn't enough work for a second job. There was a second job- the H56 crew would work a night or two a week with the 02's equipment but that stopped a few years back. And besides, most of the time, the crews want that much work and stuff. They get payed more and if they have enough work, they can get payed overtime.First. The NS falls into the national handling NCCC for its contracts for ALL its labor unions. A NS trainman gets the same pay as a CSX trainman and a BNSF trainman. Just becasue the NS is stricter with its overtime than say Conrail was why is it a big deal.
With all of this profit, it just seems NS could bump up the employee pay a bit. Right now, for a lot of NS crewmen, it is barely enough to live off of.
wolfboy8171981 wrote:And a somewhat related Fourth, one great year performance does not necessarily imply future performance to match. NS last week announced an expected decline in earnings for the first quarter of 2007, in brief excerpt as follows:nick11a wrote:Apparently, there isn't enough work for a second job. There was a second job- the H56 crew would work a night or two a week with the 02's equipment but that stopped a few years back. And besides, most of the time, the crews want that much work and stuff. They get payed more and if they have enough work, they can get payed overtime.First. The NS falls into the national handling NCCC for its contracts for ALL its labor unions. A NS trainman gets the same pay as a CSX trainman and a BNSF trainman. Just becasue the NS is stricter with its overtime than say Conrail was why is it a big deal.
With all of this profit, it just seems NS could bump up the employee pay a bit. Right now, for a lot of NS crewmen, it is barely enough to live off of.
Second. You do realize that its cheaper to have only one job making 12 hours than two jobs each getting a quit. If you had two jobs only working 6 hours or less, why pay for both of them, when one job could get all the work done. If the H-02 was really overburdened with work wouldnt you think the crew would have layed down on them now.
Third. The NS is a huge system reaching far beyond what our little eyes can see. We are at the "end" of their eastern region. They are very good with there schedueling, Thus the Eastbound parade in the AM and the Westbound parade in the PM. There record profits are sure to have included the income from all there subsicederies as well not just the railroad.
wolfboy8171981 wrote:Actually, the BLE allows its respective General Committees to sign single-property agreements. For example, NS engineers working on the NSR (Southern Agreement) territories are under contract through 2009, and have pay rates and arbitraries that are not part of the National Agreement. We get higher away from home meal allowances, and weekend/holiday differentials than those bargained with the NCCC.
First. The NS falls into the national handling NCCC for its contracts for ALL its labor unions. A NS trainman gets the same pay as a CSX trainman and a BNSF trainman. Just becasue the NS is stricter with its overtime than say Conrail was why is it a big deal.
General wrote:on my way out ups was pulling out of ns due to constatnt delays caused by poor managment decisions or at least that was the case in north jersey not sure whatever happened with that how about the issues with certain trainmasters shaking down customers telling them they will not get service unless these trainmasters get somethingUPS has been shifting traffic nationwide to long haul trucks, and a portion of the lost UPS stuff was retaliation from a western carrier, who didn't like NS's Meridian Speedway deal with KCS and subsequently cut a deal with CSX to take some away.
General wrote:I wonder how much of that $1.5 billion came from the company scamming its customers Of course the company is going to show how much it made as opposed to how much it lost on my way out ups was pulling out of ns due to constatnt delays caused by poor managment decisions or at least that was the case in north jersey not sure whatever happened with that how about the issues with certain trainmasters shaking down customers telling them they will not get service unless these trainmasters get something does that come into play with the $1.5 billion in net income?
Someone mentioned efficient crews and management but i have only experienced many lazy crews and highly incompetent management none of the guys in the north jersey area are satisfied with ns so to say that your friend likes the company must be some kind of bs
So the ns made $1.5 billion and the dover job still has to borrow locomotives and atlanta will be furious over the crew using the morristown engines so what was solved at dover with the ns making a $1.5 billion net income? the crew will still be borrowing that jallopy on monday or so i heard