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Union Pacific CEO Lance Fritz on Monday announcing a donation by the railroad to a Little Rock museum. Photo: Michael Hibblen

This is a time of change at the nation’s largest railroad. The key thing I’ve been hearing about and not completely understanding is something called Precision Scheduled Railroading. The change is prompting widespread job cuts and the closing of many facilities, including the hump at the Pine Bluff, Arkansas yard. What is Precision Scheduled Railroading? I put that question to the head of Union Pacific on Monday.

Company President and CEO Lance Fritz was in Little Rock to join Arkansas Gov. Asa Hutchinson for a pair of news events. After one press conference, I introduced myself to Fritz and recorded a brief interview, which you can hear or read a transcript of on the link. You can also find links to stories about the events in the state that Fritz look part in.