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Daily Headlines
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....
CP’s Canada 150 train connects Canada, draws thousands to celebrate CP’s history and Canada’s sesquicentennial
(Source: Canadian Pacific Railway press release, August 21, 2017) CALGARY, Alberta — The CP Canada 150 train has completed its cross-country tour, connecting thousands of Canadians with the history of Canada and Canadian Pacific, while delivering an epic community...
CN logs record year for grain shipments
(Source: CN press release, August 22, 2017) MONTREAL — CN announced today it moved a record 21.8 million metric tons of Western Canadian grain during the 2016-17 crop year. "Through innovation, collaboration and improved communication with our supply chain partners,...
NJ Transit train with no passengers aboard derails at NY Penn Station
(Source: www.nj.com, August 23, 2017) NEW YORK — An NJ Transit train with no passengers on board derailed at New York Penn Station early Wednesday, officials said. Full story: www.nj.com
Teamsters on strike at Vistar Foodservice for equal pay and respect
(Source: International Brotherhood of Teamsters press release, August 22, 2017) ONTARIO, Calif. — Teamster warehouse workers and drivers who work at Vistar Foodservice’s distribution facility have been on strike since last week after more than a year of unsuccessful...
Safety whistleblower’s lawsuit against CSX reinstated
(Source: Business Insurance, August 22, 2017) CHICAGO — An appeals court has reversed a decision granting summary judgment to CSX Transportation Inc. in a lawsuit filed by an employee who said his employer retaliated against him for reporting safety concerns. Full...
PATH achieved weekday ridership record in July
(Source: Progressive Railroading, August 22, 2017) Amtrak's repairs at Penn Station in New York City have helped drive a record average weekday ridership for Port Authority Trans-Hudson (PATH). Full story: Progressive Railroading
STB: Class Is employed fewer workers in July
(Source: Progressive Railroading, August 21, 2017) Class Is employed 147,540 workers in the United States as of mid-July, down 0.7 percent from mid-June's level and 3.4 percent from mid-July 2016's mark, according to Surface Transportation Board data. All six...
