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Daily Headlines
Hoffa: Teamsters will work with president-elect Trump on worker issues
(Source: International Brotherhood of Teamsters press release, November 10, 2016) WASHINGTON, D.C. — The following is a statement from Teamsters General President James P. Hoffa about the election of Donald J. Trump as the 45th President of the United States: “On...
Amtrak backs off huge rent increases for several Astoria residents
(Source: Times Ledger, November 10, 2016) QUEENS, N.Y. — The Paratore family and other residents of the Ditmars section of Astoria are breathing a sigh of relief after Amtrak decided to temporarily halt any further actions or negotiations regarding properties many...
UP increasing train speed limit through Modesto
(Source: Union Pacific press release, November 9, 2016) ROSEVILLE, Calif. — Recent track upgrades meeting or exceeding all applicable Federal Railroad Administration standards will allow Union Pacific Railroad to increase train speed from 40 mph to 60 mph on...
Amtrak, Niagara Falls OK deal on city’s new rail station
(Source: Buffalo News, November 9, 2016) NIAGARA FALLS, N.Y. — The Amtrak Train Station in Niagara Falls is finally official with the announcement on Wednesday that a lease agreement is in place. Full story: Buffalo News
CSX president Gooden sells $500,000 in company stock
(Source: Baseball News Source, November 9, 2016) NEW YORK — CSX Corp. President Clarence W. Gooden sold 15,625 shares of CSX Corp. stock in a transaction on Monday, November 7. The stock was sold at an average price of $32.00, for a total value of $500,000.00....
CTA worker awarded $2.5 million in train crash caused by cop chasing cyclist
(Source: Chicago Tribune, November 9, 2016) CHICAGO — The city of Chicago must pay almost $2.5 million to a CTA train operator who was injured after a police car chasing a bicyclist crashed into a Brown Line train, a jury found. Chicago police Officer Charlotte...
CSX COO lowers expectations for 4Q 2016
(Source: Reuters, November 9, 2016) NEW YORK — CSX’s Chief Operating Officer (COO) expects the company’s earnings per share (EPS) to be down about 8 percent during the fourth quarter of 2016. Full story: Reuters
Higher wages continue to win at ballot box
(Source: International Brotherhood of Teamsters press release, November 9, 2016) WASHINGTON, D.C. — Yesterday was good news for workers seeking higher wages. Voters in four states approved ballot initiatives that will raise the wage floor, continuing a successful push...
Why KCS shares plunged 14% on November 9
(Source: Motley Fool, November 9, 2016) NEW YORK — Shares of railroad Kansas City Southern fell as much as 14.3% today after the election shook up companies tied to trade. As of 3 p.m. EST shares were down 10.6%. There's concern in the market that the U.S. will begin...
KCS unsure what will happen under Trump’s NAFTA policy
(Source: Business Journal of Kansas City, November 9, 2016) KANSAS CITY, Mo. — The CEO of Kansas City Southern said questions about how a Donald Trump administration's views about the North American Free Trade Agreement might affect the company aren’t new, though the...
