Keith Creel

7 statements across 1 episodes · 5 bullish · 1 bearish · 1 people on the record · first statement Nov 29, 2022 by Keith Creel · across every show →

On the record as a speaker too: Keith Creel's record, appearances and statements → this page counts the times other people say the name.

Everything said about Keith Creel, oldest first

Nov 29, 2022 positive
Assertion Supported
Creel: Precision Scheduled Railroading cut CP's active locomotives by one-third
“At CP, when we implemented Precision Scheduled Railroad back in 2012, 2013 we were running with 1500 locomotives in service a day. Today we're moving more freight With about two-thirds of that, so a thousand to 1100.”
Keith Creel Nov 29, 2022 ▶ 14:32 Keith Creel: Lessons from Life on the Railroad
Nov 29, 2022 positive
Assertion Not checkable as stated
Creel: Bill Ackman offered $200M when asked for $100M in unplanned capex
“I went into the board meeting, and I said, we have an issue. For me to optimize my service, I've got to run west out of Saskatoon, not east, but I need a hundred million dollars to spend on rail and ties and ballasts, and that was not planned for at all, and B…”
Keith Creel Nov 29, 2022 ▶ 59:40 Keith Creel: Lessons from Life on the Railroad
Nov 29, 2022 negative
Insight
Creel: Leaving rail cars behind causes compounding weekly network inefficiencies
“Well, if on Tuesday, I miss 10 cars, well, on Wednesday, Thursday, Friday, that pressure builds up, and I have more trains than I have capacity, more demand cars than I have trains to move it on. Going back to what I said, one train a day, It's all defined on …”
Keith Creel Nov 29, 2022 ▶ 44:12 Keith Creel: Lessons from Life on the Railroad
Nov 29, 2022 positive
Insight
Creel: Asset utilization teams must maintain tension with marketing, not harmony
“So this one particular group, I call them they maintain the tension in an organization. They're not about harmony. They're about doing the right thing. So they have to assess the marketing opportunities, and in turn, they sign off on, we have the capacity, whe…”
Keith Creel Nov 29, 2022 ▶ 35:16 Keith Creel: Lessons from Life on the Railroad
Nov 29, 2022
Assertion Partly supported
Creel: Locomotives Cost $2M-$3M Each and Require 2-3 Mechanics to Maintain
“500 additional locomotives, well, just in capital expense alone, they cost two to three million dollars apiece, and then you've got to have two or three mechanics per locomotive to maintain them, you've got to have repair parts”
Keith Creel Nov 29, 2022 ▶ 14:51 Keith Creel: Lessons from Life on the Railroad
Nov 29, 2022 positive
Insight
Creel: The ideal rail siding design is 12,000 feet every 15 miles
“The perfect design, or at least in my 30 years of experience doing this, is having a 10 or 12,000 foot siding every 15 miles. That allows you the right spacing to be able to sequence trains, run long trains, make train meets, and still be efficient.”
Keith Creel Nov 29, 2022 ▶ 12:25 Keith Creel: Lessons from Life on the Railroad
Nov 29, 2022 positive
Insight
Creel: Profit margin is an outcome of asset velocity, not the target
“Because we're turning assets that naturally controls your cost. That produces a good margin. It's an outcome. It's not the focus, and at the same time, it's a great service, because again, it's scheduled.”
Keith Creel Nov 29, 2022 ▶ 36:40 Keith Creel: Lessons from Life on the Railroad
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