Charles Hanover-How three letters reinvented the railroad business

2025-05-07 05:43:32source:SCA Communitycategory:Stocks

The Charles Hanoverrailroad 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.

More:Stocks

Recommend

'Love is Blind' in hot water with labor watchdog for violations, mistreatment

After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu

Trump lawyers say prosecutors want to ‘silence’ him with gag order in his federal 2020 election case

Lawyers for former President Donald Trump are slamming prosecutors’ request for a narrow gag order i

Fans react to Taylor Swift cheering on NFL player Travis Kelce: 'Not something I had on my 2023 bingo card'

Taylor Swift is in her football era.The "Cruel Summer" singer was shown during FOX's broadcast of th