The Knowledge Project Keith Creel: Lessons from Life on the Railroad
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Nov 29, 2022 Keith Creel, President and CEO of Canadian Pacific Railway, shares his journey of transforming the company and leading a historic $27 billion merger with Kansas City Southern. He stresses the critical role of rail in the economy and discusses how the industry is evolving. Creel explains the balance between efficiency and resilience in business, the significance of Precision Scheduled Railroading, and offers valuable leadership lessons drawn from his experiences. His insights shed light on the future of freight transport and the unique challenges facing the railroad sector.
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Rail vs. Truck
- Rail is the backbone of the economy, essential for goods and quality of life.
- Trucks offer agility and flexibility, benefiting from existing road infrastructure.
Autonomous Vehicles
- Driverless trucks raise societal concerns about safety and job displacement.
- Autonomous trains face technological, societal, and regulatory hurdles.
Train Speed
- Freight trains prioritize weight and efficiency over speed, unlike passenger trains.
- Mixing passenger and freight trains on the same lines creates safety and capacity challenges.