Current:Home > MarketsHow three letters reinvented the railroad business -Elite Financial Minds
How three letters reinvented the railroad business
View
Date:2025-04-25 18:19:51
The railroad industry is under a microscope after a series of train accidents in East Palestine, Springfield, and Cleveland, Ohio.
Meanwhile, rail workers claim that these sorts of accidents have become more likely in recent years, because of a relatively new management philosophy called precision-scheduled railroading, or PSR.. On today's episode: why PSR is one of the biggest changes to the railroad business in over a century, how it's sparked record profits for the companies but also changed how railroad workers do their jobs.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (9)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Jay-Z's Made in America 2023 festival canceled due to 'severe circumstances'
- As a writer slowly loses his sight, he embraces other kinds of perception
- All of You Will Love These Photos of John Legend and Chrissy Teigen's First Vacation as a Family of 6
- A South Texas lawmaker’s 15
- July was the globe's hottest month on record, and the 11th warmest July on record in US
- Commanders coach Ron Rivera: Some players 'concerned' about Eric Bieniemy's intensity
- Beauty on a Budget: The Best Rated Drugstore Concealers You Can Find on Amazon for $10 or Less
- Travis Hunter, the 2
- Warlocks motorcycle club member convicted in death of associate whose body was left in crypt
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Ex-Ohio bakery owner who stole dead baby's identity, $1.5M in COVID funds gets 6 years in prison
- Biden pitching his economic policies as a key to manufacturing jobs revival
- Jay-Z's Made in America 2023 festival canceled due to 'severe circumstances'
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Warlocks motorcycle club member convicted in death of associate whose body was left in crypt
- Octavia Spencer Says Her Heart Is Broken for Sandra Bullock After Soulmate Bryan Randall's Death
- Hard-partying Puerto Rico capital faces new code that will limit alcohol sales
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Coyotes say they’ve executed a letter of intent to buy land for a potential arena in Mesa, Arizona
Who is sneaking fentanyl across the southern border? Hint: it's not the migrants
Sen. Dianne Feinstein, 90, falls at home and goes to hospital, but scans are clear, her office says
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Olivia Newton-John's Family Details Supernatural Encounters With Her After Her Death
Leighton Meester Shares Her and Adam Brody's Super Sweet Dinnertime Ritual
Chrysler recalls nearly 45,000 vehicles because interior trim may interfere with air bags