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On Wednesday at 11 a.m. (EST), RailTrends will present a webcast that reviews the critical underlying changes in the railroad production function that have contributed to North American railroads' newfound financial growth. Titled "Class I Performance: The Role of Data in Best-in-Class Operations." To be conducted by Larry Shughart, the transportation consulting practice lead at WorleyParsons, and moderated by Progressive Railroading Editor Pat Foran, the webcast costs $149 to attend.Discussion topics include: benchmarking key performance drivers; networking efficiency and operating ratio; and railroads' cost and revenue functions.By the webcast's conclusion, attendees will:• understand the components of a railroad's cost and revenue functions, the relative importance of each, and the trends for each Class I;• recognize the importance of network efficiency and the relative importance of each to operating ratio;• be able to benchmark key driver performance across railroad companies and determine who is “best in class,” “worst in class” and “improving momentum”; and• gain an appreciation for using data to analyze long-term rail trends and avoiding reliance on anecdotes, “squeaky wheels,” and short-term performance.To obtain more information about the webcast and to register, follow this link. RailTrends is an annual two-day summit presented by Progressive Railroading. RailTrends 2015 will be held Nov. 19-20 at the W New York Hotel in New York City.
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