https://www.zerohedge.com/commodities/worst-market-30-years-400000-commodity-railcars-sit-idle-amid-industrial-recession
4 replies (most recent on top)
I predicted that PSR was a scam to cover up for deterioration of the business. Too much expansions and a slowing economy. PSR was a good scheme for the company to mask rail volumes and make it seem that the decline was a business choice.
@OP: Citing zerohedge.com in any discussion almost always means that you're partially if not completely wrong.
The website was started as a joke by two Wall Street wash-outs, one of whom goes by the name of "Tyler Durden", which tells you everything you need to know about the site's credibility.
Yes, I read the article. It can be debunked with a two-second internet search.
Tanks and coal cars regulated out of service....
Years from now they'll be looking at anecdotes like this as the canary in the coal mine no one talked about until it was too late. But some of us saw it.