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Warren Buffett “not above copying” other railroads on PSR

(Source: Supply Chain Dive, May 7, 2019)

WASHINGTON, D.C. — Warren Buffett left the door open for his railroad, BNSF, to adopt the tenets of precision-scheduled railroading (PSR) at his annual shareholders meetingSaturday when asked if it's time for BNSF to adopt the PSR "playbook." "We are not above copying anything that is successful ... If we think we can serve our customers well and get more efficient in the process we will adopt whatever we observe, but we don't have to do it today or tomorrow. But we do have to find something that gets at least equal and hopefully better customer satisfaction and that makes our railroad more efficient,” Buffett said to thousands of shareholders in the annual marathon meeting.

Full story: Supply Chain Dive

Wednesday, May 8, 2019

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