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Teamsters support planned merger of AT&T and T-Mobile

(The International Brotherhood of Teamsters issued the following on April 25, 2011.) WASHINGTON, D.C. — Last week, AT&T and Deutsche Telekom AG announced that the two entities had reached an agreement for AT&T’s acquisition of T-Mobile. The Teamsters Union supports...

‘Runaway CEO pay’ could support 102,000 jobs, AFL-CIO Says

(Bloomberg News circulated the following on April 19, 2011.) WASHINGTON, D.C. — Chief executive officers at 299 U.S. companies had combined compensation of $3.4 billion in 2010, enough to pay more than 102,000 workers, the AFL-CIO labor federation reported in a study....

KCS reports first quarter revenue growth of 12 percent

(Kansas City Southern issued the following on April 21, 2011.) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported first quarter 2011 revenues of $489 million, a 12% increase compared to the corresponding 2010 period. Overall, carload volumes were 7% higher than in...

CSX announces record first quarter results

(CSX issued the following on April 19, 2011.) JACKSONVILLE, Fla. — CSX Corporation today announced first quarter net earnings of $395 million, or $1.06 per share, versus $305 million, or $0.78 per share, in the same period last year. This represents a 36 percent...

Union Pacific reports record first quarter

(Union Pacific issued the following on April 20, 2011.) OMAHA, Neb. — Union Pacific Corporation reported 2011 first quarter net income of $639 million, or $1.29 per diluted share, compared to $516 million, or $1.01 per diluted share, in the first quarter 2010. First...

AAR: Steady weekly rail traffic gains

(The Association of American Railroads issued the following on April 21, 2011.) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported steady weekly rail traffic gains with U.S. railroads originating 295,426 carloads for the week ending April...

Teamsters: An update in the War on Workers

(The International Brotherhood of Teamsters issued the following in April 21, 2011.) WASHINGTON, D.C. — In mid-April, Teamsters rallied in Michigan, lobbied their elected representatives in Missouri, geared up for a citizens’ veto of Senate Bill 5 (SB5) in Ohio and...

Adjusted Federal income tax withholding for many RRB annuitants

(The U.S. Railroad Retirement Board issued the following press release on February 9, 2011.) CHICAGO — The Railroad Retirement Board (RRB) has adjusted the railroad retirement benefits of over 140,000 beneficiaries to apply new Federal income tax withholding rates....

Benefits under Railroad Retirement and Social Security

(The U.S. Railroad Retirement Board issued the following on March 1, 2011.) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain...

UPDATE: Teen Didn’t See Train Coming

(The following story by Bob Grotenhuis appeared on KTSM NewsChannel 9 website on April 19, 2011.) SOCORRO, Tex. — UPDATE: 11:04 a.m. Updated reports indicate 14-year-old Justin Alcantar, an Ernesto Serna middle school student, was walking home with his back to a...

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