Doug Rockel
Doug Rockel
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I've been waiting most of my career to see these guys go public. I can't think of a bigger and better company in recent memory that's decided to do this.
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If you order a paperback book, slower delivery time via the mail or UPS is fine. But if you've ordered a fur coat, then FedEx is more of an option.
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It's unbelievable to be sitting here a year and a half after the integration and still seeing this low level of Norfolk earnings. They couldn't have done these cuts on day 1 because service was paramount. But service levels have been back up for six-to-nine months.
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I'd like to give Pat Blake a chance, to hear what his strategic vision is for the company. But I go into it with apprehension knowing Roger (Curry) had a good background and a good track record. Why is Pat going to succeed where someone like Roger didn't?
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I would have been disappointed if they had not raised rates by about 3 percent. This is what we all modeled for.
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The investment community has developed an incredible fear of railroad mergers. A lot of people think the court will reverse the moratorium. That's more important than fuel prices right now.