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Keith Creel
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- 2022-11-29
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- 2022-11-29
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“Those faster trains are running on freight rails. It's not often that you have a dedicated passenger network. So when you intermix the two, the complexities and the needs of the track infrastructure for the two creates a disconnect. So a freight train is heavy. You're limited by tons in weight. So we go back to that scale question. You want to run long, big, heavy trains that are safe and efficient. Well, they're not going to move as fast as a pasture train, which can accelerate quickly, could decelerate quickly. All of those scientific facts of pasture trains conflict with passion freight trains. So if you try to create an infrastructure that allows both, you get into safety concerns. And I've experienced this.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“You're mixing apples with the oranges so it's important to start from a basic understanding. When you talk about passenger rail, Can move faster. And obviously, there are numerous examples and locations where they do, but if we look at the Canadian example and Proprietorates of the US example”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“in the rail industry, heavily regulated, so the regulations would have to change, and the will for our employee base that are unionized would have to change. So again, that's eventually in time perhaps. The technology is not there and the real change is not there at this time.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“Actually, in some locations in the world, they actually do. But again, it's in a location where probably not as exposed to the societal issue. So you might have a piece of track that runs across a terrain that's not complex, flat terrain went A to point B without road crossings in between their situations like this perhaps in Australia. There are other countries in the world where in very limited fashion it exists. Reason it doesn't occur here locally specifically. Again, it's that change word. It represents huge technology challenges. It also represents huge societal challenges. And when I say societal in our definition, it's the workforce that we work with.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“I think it could. I look at it as how it could complement from my perspective of the railroad that I run because we are consumers of truck capacity as well. So I look at it from that perspective. But the reality is the competitive advantage from a labor standpoint that A driverless truck might have if the technology catches up and the society issues catch up is inevitable. So we're going to have to look and continue to look at ways in the rail industry to innovate, to become more efficient ourselves, always putting safety first, but it definitely in time will require that we evolve and we change as well to be able to maintain our competitive advantage.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“Eventually it'd be inevitable. I think that there's obviously a big social hurdle. I know myself, I try to put myself to be a human all I can. Obviously, when I'm out on the streets, if I were to see an A2-wheeler going by me, they make me nervous as they are. Me on an interstate, or perhaps when they're not paying attention, but they make a mistake, you know, they can pretty much demolish a vehicle. I can't imagine looking up and seeing no one there. It's something I'm not personally comfortable with yet. And I would suggest that society's not comfortable with yet. But eventually, in time, change occurs. We all have to get comfortable with the uncomfortable. I think it's inevitable.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“Are providing what I call a truck like reliable service. I think that has led to the demise of the freight that's hauled by rail. And that's exactly kind of the narrative that we've tried to change to try to create the benefits of scale that a railroad brings with the reliability of truck that Trump brings. So it's kind of a hybrid model. That's the way we operate our railway to try to make ourselves more attractive to our customers.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“Know, and this is part of probably why in large terms why Rail has diminished in importance and even the freight that's moved in America today. And that's because of reliability. So just-in-time inventories, manufacturing facilities, product lines where they need to make sure that they know the transportation manager knows that the product's getting to the shelf or getting to the assembly line. Trucks have played a big role in that because they've been much more nimble. And obviously back to your point about infrastructure, we only run where our rails run too. Trucks have the benefit of the nation's interstate systems and highway systems and road systems. So they're much more agile and flexible than a rail network is. So that agility and flexibility coupled with historically railways have not always been the most reliable when it comes to a schedule.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“It's all about size and scale. Obviously, when you have trucks and highways, there are limitations on how far they can haul things with manpower as well as how heavy they can haul things, depending upon truck weight and size, bridges, public infrastructure. You have to share the roads, obviously, on the truck, whereas on the rail, it's a dedicated asset that you own and you could haul many, many more cars with the use of technology and efficiency. And the cars carry a lot of weight compared to what a truck can carry.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“I think they misunderstand or they lack an understanding that if the rails don't run, the products that we all enjoy consume and that establish or define our quantity of life just doesn't happen. I think that's probably came more to bear or maybe more apparent to folks over the last year, year and a half without the supply chain challenges that we've experienced and inflation we've experienced. But certainly it's the backbone of the economy in so many ways.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT
“Your career, you're going to work with a lot of managers that want to do things right, but very few that want to lead and leaders do the right things, even whether or not the comfortable thing to do. Often change threatens people. You've got to be able to articulate why you need to change and how you need to change and stick with it, even if it's not comfortable. Those lessons, you know, to me, I think are universal and I think they're undeniably true. And I think they lead to success in any business. And most specifically in our business.”
2022-11-29 · The Knowledge Project with Shane Parrish · Keith Creel: Lessons from Life on the Railroad · IDENTIFIED FROM THE TRANSCRIPT