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Daily Headlines
BART contract gives workers 15.4 percent in raises over four years
(Source: San Francisco Chronicle, October 22, 2013) SAN FRANCISCO — BART workers scored 15.4 percent in raises in the four-year deal that settled the four-day strike late Monday night. The raises, which are 3.4 percent higher than BART management proposed Thursday in...
Amtrak’s Boardman: ‘In the final estimate, we are one industry’
(Source: Railway Age, October 22, 2013) NEW YORK — Amtrak President and CEO Joe Boardman delivered the keynote address at Railway Age’s 20th Annual Passenger Trains on Freight Railroads Conference on October 15, 2013. A transcript of his address appears on the Railway...
Residents displaced by Alberta train derailment can now go home
(Source: CTV News, October 22, 2013) GAINFORD, Alberta — Residents of Gainford, Alta., are now allowed to return to their homes after a tanker train derailed in the area on the weekend. A total of 126 residents were displaced early Saturday morning, when a CN train...
CN remains positive about oil by rail
(Source: Toronto Star, October 22, 2013) TORONTO — As a fire continued to burn for a fourth day in a derailed train car in Alberta Tuesday, Canadian National Railway executives insisted that rail remains a good method to transport hazardous materials, including crude...
MMA gets $3 million loan and is rehiring laid-off workers
(Source: Montreal Gazette, October 22, 2013) MONTREAL — Montreal, Maine and Atlantic Railway has obtained a $3-million loan that has allowed the company to hire back employees laid off in the wake of the Lac-Mégantic train disaster and put two-person crews on its...
Unions speak the truth on Social Security
(Source: Teamster Nation, October 22, 2013) WASHINGTON, D.C. — Social Security, the program that provides over half of American seniors a majority of their income, is more important than ever. Across America, nearly 58 billion workers and their families rely on Social...
10 CEOs in America break all records for executive pay, including two who got billion-dollar paychecks
(Source: AlterNet, October 22, 2013) NEW YORK — For the first time ever, the 10 highest-paid chief executives in the US all received more than $10 million in compensation and two took home billion-dollar paychecks, according to a leading annual survey of executive...
CN reports Q3-2013 net income of C$705 million
(Source: CN press release, October 23, 2013) MONTREAL — CN today reported its financial and operating results for the third quarter and nine-month period ended Sept. 30, 2013. Third-quarter 2013 highlights: • Third-quarter 2013 net income was C$705 million, or C$1.67...
CP Rail posts best operating ratio in company history
(Source: Globe and Mail, October 23, 2013) TORONTO — Canadian Pacific Railway Ltd. posted record earnings in the third quarter and says its efficiency drive has resulted in the lowest operating ratio in company history. The third-quarter operating ratio — a key...
CP Rail reports record Q3-2013 net income of C$324 million
(Source: Canadian Pacific Railway press release, October 23, 2013) CALGARY, Alberta — Canadian Pacific Railway Limited today announced record quarterly earnings and its lowest operating ratio in company history. Adjusted EPS of $1.88 grew 45 per cent over...
