Is Brigham Young University engineering this ridiculous?
More improtnatly, as they decided to put this 'innovation' up on the website , is UNP management this utterly stupid?
Because the talking heads will reference it insufferably when reporting on the Bakken crude train cars that just derailed and blew up in Hood River OR.
Except for the cargo involved, the comparison will be complete nonsense.
Because the US government (unlike the Canadian government with MM&A) did not make special allowances and entirely new rules to help UNP remain solvent, at the risk of the general public. The U.S. government was not willfully complicit or negligent here.
But they'll leave all that out. Because no one cares about the truth. And because they've got that cool video footage from July 2013 they can run again.
Today'\s American capitalist : "If the press release doesn't pop the stock, it ain't worth doing. What can't be booked in a quarter, don't bother. Now...where's my tens of millions in stock options and bonuses?"
Why America is well down the road to economic irrelevance.
Henry Ford weeps..,.and you're busy singing the praises of the Matrix.
Thank you for your startlingly candid and illuminating stupidity. You make America grape.
Go post a selfie on Facebook...carpe diem.
How corrupt and misguided is America to let this complete idiot outlaw pipelines?
Is this how the once great America ends its run? Idiocy-instigated suicide?
I see the both usual suspects have responded. They just can't control it.
No doubt I'm missing some very thought-provoking rebuttals to my factual observations...bwa ha ha ha ha
Here's the deal: COS levered itself to the nuts to boost profits. That simulataneusty helped hide how wasteful land innefficient its was being run. G&A was completely out of whack.
2 ) Leverage is an effective strategy, especially when things go well.
$100 oil was what I'd classify as "things going really, really well".
3) COS had excessive leverage (see 1).
Then things went bad. Note: Not "unforeseeably, impossibly, end-of-the-world bad" ...just unexpectedly bad. FYI...$40 oil is historically good.
4) You invested in a ponzi scheme, with the 'new money' coming largely from increased debt instead of new investors.
And you really thought you were smart while it lasted. And then you got screwed in it. Get over it.
Who owns Norfolk Southern?
Simple enough question, right?
1) Shareholders just witnessed the government remove any chance of an M&A deal. Your free-market options with this investment were just arbitrarily reduced. By your government.
M&A provides downside insurance for shareholders to exit investments in companies that significantly under-perform. For any and all investments, M&A offers superior monetization windows of opportunity.
2) The US Dept of Justice and the US Army had their say on this deal. Heck, UPS and FedEx did too. About the only group to have not said a word were NS shareholders.
3) The US Army statement specifically makes it sound as though the NS railway network is on some level and basis, beholden to it and its "needs". Where is this mentioned in the corporate bylaws?
4) Definition: A fiduciary duty is a legal duty to act solely in another party's interests.
Is there any doubt whose interests NS management ---quite brazenly and illegally --- acted in?
So.. Answer the question....
Let's pretend you're not an idiot, and are worth answering.
First, you miss the point. Entirely.
But that's no shiock. For two reasons: you areless than smart. And even if you were smart, you're petty and dishonest enough to post similar drivel you knew to be intellectually dishonest.
Because you're that petty.
But I'll bite. For a Friday giggle.
And forget that the citizens of Switzerland reap enormous tangible benefits from this tunnel...ignore that altogether.
Let's boil it all down to your narrow-minded, short-sighted, simplistic. myopically ignorant pea-sized consciousness ---- ie. "where's the almighty payday?"
The government of Switzeralnd, working efficiently for its citizens, and having successfully (as usual) borne all the financial, technical and market risk of this venture, could readily sell it.
For several multiples of what it cost.
To any one of a number of eager / desperate consortiums of pension funds, insurance companies and/or investment funds.
But it won't. Because unlike America, Switzerland is not broke, myopic, corrupt, or stupid.
You are an utter imbecile complainer who knew nothing to begin, didn't learn squat after, and deserved a lot less than you got.
The tiny country of Switzerland can conceive, design, publicly support, finance, and slowly, properly build a 35 mile tunnel a mile under the Alps. Just another one of several.
And America can't manage to allow two regional freight railways to join end-to-end.
Just finished (yet another) rail tunnel under the Alps. Gotthard is 35 miles long and cost $16 billion. It's purpose is to get more freight moving faster by rail, instead of more trucks clogging the roads.
Meanwhile....we get whatever 'this' is.
The only thing that would be even more satisfying than winning that wonderful-but-completely-mismanaged Syncrude asset would be to watch COS share price dive into the toilet when the banks pulled their lines, and have either Esso or Suncor grab it at the garage sale for $0.50.
Even complete idiots sometimes get lucky.
Don't know what you're talking about. All the railroads just finished saying that Chicago isn't a problem at all.
Bwa ha ha ha ha ha ha ha
Just as I said...2 weeks later and nary a whimper from anyone.
But 2 railways end to end !? Oh, that's end-of-the-world sorcery, that is.
America is well into an infrastructure maintenance funding crisis...for some strange reason.
When the American public finally gets fed up with paying the whole bill, and gutless politicians are finally forced to impose part of the cost onto the trucking leeches who currently use the network for nothing, hundreds will immediately go under.
Public policy lunacy can only go on while there's enough money to burn and keep it hidden....and this one enjoyed a real good run in 'murica.
Heck, if they'd even just enforce the road worthiness laws, most truckers would be put out of business right now. Or if truck drivers had to get some sleep and stay off amphetamines, same.
Enjoy the relaxing drive home, y'all. Try not to get killed.
....BTW, as of last week, your vaunted management is still spewing the garbage that coal will be down only 25% for the year.
Pretty neat trick, since its down 32% YTD.
We're now 5 months in.
So they're saying they expect in the next 7 months, it will have to rebound to down just under 20% down for the rest of the year. Even though Q2 is already down MORE than Q1 (minus 34% vs. minus 31%.)
Let me spell it out for the slow: Coal's getting worse, not better.
CSX management is either lying, or utterly incompetent.
"Eastern US Coal Lugger" is a business role that has gone the way of the Do Do bird and the buggy whip maker. Coal is dead. And CSX and NSC are both very endangered species.
CSX reported last week that coal volume is down 34% quarter to date. Yesterday, NSC reported it down 31%. Ding ding ding? Get it?!
It would have been a good idea to have recognized this eventuality much earlier, and focused on growing merchandise intermodal when there was plenty of freight that needed moving....that is, anytime from 2010 to 2015. But that ship has sailed....and ships are no longer sailing.
The need for operational transition to higher value goods, through MUCH more responsive, reliable service levels, is now urgent. It has to be done yesterday, and by someone who knows how to do it.
You were handed that scenario in your lap....with both a payday AND continued participation to boot...and your selfish management screwed you over.
This is too important to be left in the hands of the stupid.