On The Right Track – CSX Featured On Mad Money

Enacting transformational change requires vision, leadership and the efforts of many, sustained over time to deliver a future that is better than the present.

The long term vision, and near-term improvements, that are resulting in positive impacts on key operating measures were recently covered on CNBC’s Mad Money.

Jim Cramer, the host of Mad Money, and seasoned investor has analyzed companies, executives and turnaround efforts for decades, witnessing both successes and failures along the way.

Cramer believes that executives matter and have a pronounced impact on organizations, noting that E. Hunter Harrison is the leader needed to drive transformational change in the rail industry.

Cramer believes that Harrison’s 50+ years as a railroader combined with the principles of precision scheduled railroading are already delivering results and have the potential to reinvent the railroad.

Operational changes during early stages of implementation of precision scheduled railroading are resulting in productivity improvements, including increases in velocity, improvements in on-time originations/arrivals and reductions in dwell time.

Cramer called Harrison the “train whisperer” and went onto say that “he has already done an impressive job” and that he is “onto something.”

Harrisons’ goal is to run a more efficient railroad by running fewer trains more often while improving customer service to deliver a better product for customers and increase CSX’s market share.

Hunter Harrison Speaks at CSX Annual Meeting
When Chief Executive Officer Hunter Harrison attended his first CSX Annual Meeting on June 5 and told shareholders he is more excited about his role with our company than any other in his career, it made an impression.

“I don’t think I’ve ever been as excited about an assignment as I am about this one and the opportunities that lie ahead for us,” Hunter said during his brief remarks, which included an overview of the five guiding values for successfully implementing Precision Scheduled Railroading at CSX: 

• Dramatically improving service; 
• Controlling costs;
• Optimizing asset utilization; 
• Working safely; and 
• Focusing on our people and strengthening our professional development.

The 2017 Annual Meeting was held Monday, June 5 in Richmond, Virginia. 

CSX White Papers & Guides

2017 Supply Chain Trends
A pool of over 150 supply chain professionals were asked about their transportation plans, challenges and opportunities for growth in 2017, the results provide insight into a wide range of issues and shed light on what supply chain managers plan to focus on in the coming year. Download Now!

---

Your Guide to Upcoming Trucking Regulations
As increased over-the-road regulations are set to go into effect in 2017, supply chain managers should take steps to prepare today in order to protect their organizations from negative impact. Download Now!

---

The X’s and O’s of Intermodal Rail in Supply Chain Management
As the coach of your supply chain, you have the opportunity to turn to your playbook and choose from multiple transportation modes to maximize the efficiency of your freight network. Download Now!

---

The Intermodal Rail Bracketology Guide
Learn how to identify sub-optimal full-truckload freight that is vulnerable to capacity constraints if and when a supply chain disruption occurs. Download Now!

---

Practical Steps for Highway to Intermodal Rail
Learn how to increase access to capacity, reduce transportation costs and mitigate exposure to future trucking regulations. Download Now!

---

Transportation Management Systems & Intermodal Rail
An interactive, personalized guide to learn more about the combined benefits of a TMS and intermodal rail. Download Now!

---

Highway to Intermodal Rail (H2R) Conversions Deliver Bottom Line Results
CSX Transportation has found that 96% of shippers have sub-optimized freight in their network. Does your organization? Find out and learn how to address sub-optimized freight in your supply chain. Download Now!

More: CSX Rail & Intermodal SC24/7 Content