Nov 27 2023 48 mins
Episode 2 will discuss the railroad practice of furloughing employees. Outgoing STB Chairman Marty Oberman recently called out Union Pacific's CEO Jim Vena for furloughing employees soon after he became the Chief Executive Officer. Following the COVID-19 pandemic, many of the railroads vowed to look at other options to furloughs if a recession hit and freight volumes dropped. They started to recognize that it was hurting their bottom line long-term, but one CEO has stayed the course with the old practice. Why?