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Daily Headlines
KCS Senior VP Stadler sells $471,227 in company stock
(Source: True Blue Tribune, August 23, 2017) NEW YORK — Kansas City Southern SVP Mary K. Stadler sold 4,451 shares of the company’s stock in a transaction that occurred on Friday, August 18. The stock was sold at an average price of $105.87, for a total value of...
BNSF bridge fire in Grand Forks had human cause, repairs near completion
(Source: Forum News Service, August 23, 2017) GRAND FORKS — Workers repairing part of the Grand Forks railroad bridge after the structure was engulfed in flames last week could be finished by the end of Thursday, Aug. 24. Full story: West Central Tribune
Latest derailment caps year of problems at NJ Transit
(Source: www.nj.com, August 23, 2017) NEWARK, N.J. — The derailment of an NJ Transit train Wednesday morning at Penn Station, New York, is the latest in a series of accidents and other travails over the past year for the beleaguered agency. Full story: www.nj.com
Missouri fight against right-to-work is a win for workers
(Source: International Brotherhood of Teamsters press release, August 23, 2017) WASHINGTON, D.C. — Unions in Missouri were angered earlier this year when newly elected Gov. Eric Greitens signed into law legislation that would have made the “Show Me” state the 28th to...
Consolidated Coal alleges CSX has cost it business
(Source: West Virginia Record, August 23, 2017) MOUNDSVILLE, W.Va. — The operator of several coal mines in Marshall County alleges that CSX Transportation cost it missed sales opportunities because of its failure to provide for delivery of loaded railcars....
McDonald’s French fries and Pringles are in trouble due to CSX problems
(Source: Food and Wine, August 23, 2017) NEW YORK — Ongoing issues with the freight-train company CSX Corp is having surprising ramifications for some of America's major fried potato products, according to the Wall Street Journal. In March, the struggling railroad...
As the nation’s rail hub, Chicago is an expensive and dangerous bottleneck
(Source: Crain’s Chicago Business, August 23, 2017) CHICAGO — One of the daily nuisances caused by the tangle of the Chicago area's nearly 4,000 miles of rail track can be seen at the 71st Street grade crossing just east of Western Avenue. Motorists are routinely...
Mantle Ridge up to nearly $2 billion on CSX play
(Source: Institutional Investor, August 23, 2017) NEW YORK — Paul Hilal’s new Mantle Ridge activist fund, a special-purpose vehicle launched last summer after he left Bill Ackman’s Pershing Square, has almost hit the $2 billion mark, after raising some $1.2 billion...
Investors are wagering $12 billion on CSX’s 72-year-old CEO
(Source: Fortune.com, August 23, 2017) NEW YORK — Hunter Harrison is delivering a lecture on the right way to run a railroad — the Hunter Harrison way. “I say this with the appropriate degree of humility,” drawls the recently named chief executive of CSX, America’s...
Hoffa: NAFTA reform that puts workers first is essential as talks continue
(Source: International Brotherhood of Teamsters press release, August 22, 2017) WASHINGTON, D.C. — The following is a statement by Teamsters General President Jim Hoffa in response to the conclusion of the first round of NAFTA renegotiation talks that ended Sunday....
