Yeah, but in the case of the railroads they are reducing, maintenance to the bare minimums on everything from cars, to engines to TRACK.
You see there are regulations for how often everything has to be inspected, but their are also loopholes to these as well, and railroads have become experts in using these loopholes.
The fact of the matter is the way precision railroading works is by increasing the size of trains to the extreme, decreasing the maintenance to the maximum, and even forcing the workers to control the train how a computer says vs how their experience says, usually to maximize fuel savings above anything else, regardless of the possible outcome. This puts extreme stress on equipment, and track etc, and pushes employees to their absolute limit.
Sometimes its just an accident. Sometimes it is not. But every time you have to realize the RR will go to every possible extreme to control the narrative. They will most likely scapegoat an employee in the end, because no way could it be their piss poor management, or lack there of that caused it.
Their is so much wrong with the RRs today, I wish I could explain it all, but just know its not good.