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Daily Headlines

Swinomish prevail in BNSF lawsuit

(Source: Stanwood Camano News, January 26, 2017) STANWOOD, Wash. — The United States District Court for the Western District of Washington ruled Jan. 13 in support of the Swinomish Indian Tribal Community’s summary judgment motion against BNSF Railway (BNSF). Full...

UP Director Andrew Card sells $438,000 in company stock

(Source: The Cerbat Gem, January 26, 2017) NEW YORK — Union Pacific Corporation Director Andrew H. Card, Jr. sold 4,000 shares of Union Pacific Corporation stock in a transaction that occurred on Wednesday, January 25. The stock was sold at an average price of...

Most Class Is cut capital spending for 2017

(Source: Progressive Railroading, January 26, 2017) The seven Class Is have announced their capital spending programs for 2017 and the year-over-year scorecard shows five plan to spend less, one has budgeted more and one has allocated the same amount. Full story:...

Begeman named STB Acting Chairman

(Source: Railway Age, January 26, 2017) NEW YORK — U.S. Surface Transportation Board Member Ann Begeman on Jan. 25 was named Acting Chairman by President Donald J. Trump. Begeman, a Republican, is currently serving a second, five-year term as an STB Member following...

Hunter Harrison sells CP shares for $26.9 million

(Source: Globe and Mail, January 26, 2017) TORONTO — Hunter Harrison has sold his shares in Canadian Pacific Railway Ltd., shortly after quitting as chief executive officer of the Calgary company to pursue the top job at Florida-based railway CSX Corp. Mr. Harrison...

Harrison to exit CP with C$52 million; non-compete pact silent on CSX

(Source: Globe and Mail, January 25, 2017) TORONTO — Hunter Harrison, the outspoken railroader credited with rescuing Canadian Pacific Railway Ltd. from the doldrums, is making his early exit from the company with about C$52-million, even after giving up $118-million...

Legislation to repeal Davis-Bacon an attack on working families

(Source: International Brotherhood of Teamsters press release, January 26, 2017) WASHINGTON, D.C. — With his introduction of legislation to eliminate prevailing wage on federal infrastructure and construction projects this week, U.S. Senator Jeff Flake (R-Ariz.) has...

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