By Emma Cosgrove, Supply Chain Drive; January 16, 2020
LOMBARD, Ill. — Precision-scheduled railroading (PSR) is an outdated phrase, Union Pacific Railroad CEO Lance Fritz told the Midwest Association of Rail Shippers’ Winter Meeting in Lombard, Illinois, Wednesday.
The concept has morphed from late CSX CEO Hunter Harrison’s prescriptive playbook to fundamental principles, which Fritz laid out as: “Don’t do work you don’t have to.” Move cars as deep, as quickly as you can. Have one primary service instead of boutique services. Think of the service as a conveyor belt. Use assets wisely.