(Source: Freight Waves, November 16, 2022)
The chairman of the federal Surface Transportation Board got up Wednesday in front of a room full of railroad executives, analysts and customers and ripped the industry to shreds. Martin Oberman offered his verdict on why that growth isn’t there: The industry cut too many workers and now is desperately trying to hire more. Right from the start of his address, Oberman referred to the “Class I service meltdown,” which he then referred to as a “service crisis.” He said it had been “brewing long before the pandemic, but it really came to a head” during the COVID crisis “and it is not close to being resolved.”
Full story: Freight Waves