Union Pacific's Margin Performance Solid; Focus Shifts to Potential Norfolk Southern Tie-Up

Over the past six years, all the railroads confronted the push to implement precision scheduled railroading, if they hadn’t already. Shareholders demanded it, motivated by PSR’s success at the Canadian railroads. Union Pacific launched its PSR efforts in late 2018. PSR has proved to be an optimal path to greater network efficiency and higher incremental margins, due in part to more-efficient use of assets.