06/14/2016
https://congress.gov...
"All seven of the Class I railroads have implemented some form of precision scheduled railroading (PSR), which focuses on driving profits to shareholders by reducing expenses such as important capital ..."
"It appears that the major railroads are willing to undertake operations that they know to be unnecessarily problematic for short-term gain."
"Make no mistake, it is railroad greed that I believe has caused this committee to call us here today."
"With so much change happening in this industry, this hearing provides an opportunity to examine the current state of freight rail safety and discuss the challenges of the day."