Thread regarding Norfolk Southern Corp. layoffs

It takes money to make money?

The truth is that this company doesn’t want to haul any extra freight, all they want to do is haul a smaller amount at a smaller expense. There’s no one out trying to get more business.
All this company wants is to do haul double trains with one crew. Money is made at a lower expense.
I remember when the Operating Ratios were in the middle 70s. Everyone was making money. Employees were happy. Management and stockholders were thrilled. Freight was rolling, trains were back to back.
Now it’s whatever we can get for the smallest expense for the greatest profit.
This attitude will grind to a halt sooner or later. It takes money to make money..
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Post ID: @1yfm+18t6Q4ZP. I think the author of the post is right, but still, is it realistic for them to increase spending?

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| 1383 views | | 2 replies (last December 24, 2020) | Reply
Post ID: @OP+18z02KBg

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You are exactly right. Its the only business that wants to shrink the business instead of growing the business. Wall Street, for some reason, has focused on operating ratio. They don't understand the business. Watch Mad Money with Jim Cramer sometime. He had Jim Squires on his show a while back. He asked him why he would mess with a buisness model that had been working from day 1, from it's conception. Squires took the Wall Street line.....We are efficient, but we see ways to improve our company. Months earlier, when A..hole Harrison was trying to take NS over, Squires said "We don't believe in the cutting to the bone approach to railroading. We know the business is cyclical, and we believe in kerping our assets in place to capitalize when business picks up. Wall Street bullied him in to his current position. I suspect he doesn't sleep well at night. He knows what is right, and his demons haunt him nightly. So do Cindy's I suspect

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Post ID: @dtm+18z02KBg

This company has ZERO GROWTH!!! what a way to run a business!! Ignorant and shortsighted

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Post ID: @bfc+18z02KBg

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