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Teamsters, UPS reach tentative agreement in aircraft mechanics contract negotiations
(The International Brotherhood of Teamsters issued the following on January 24, 2011.) WASHINGTON, D.C. — The International Brotherhood of Teamsters has reached a tentative agreement on an industry-leading labor contract between UPS and its aircraft mechanics. The...
KCS laser cannon has gone missing
It sounds like something from a sci-fi movie, but it's real. And someone stole it. Denton police are trying to locate a stolen laser cannon. The device was taken from a truck on Friday afternoon. The laser is used as a measuring device in the train business. It can...
Railroad supplier Wabtec sets unique milestone
Wabtec Corp., the rail supplier, recently and quietly reached a unique mark in corporate America. The company became the first of the 1,900 listed on the New York Stock Exchange with a year-end closing stock price that rose each of the last 10 years, the NYSE...
House Republican urges firing of Amtrak chief, counsel
A powerful House Republican wants Amtrak’s chairman and top lawyer fired. Rep. Darrell Issa of California, chairman of the House Committee on Oversight and Government Reform, said in a recent letter to Sen. John D. Rockefeller IV that both Amtrak Chairman Thomas...
Florida’s rail chairman talks high-speed rail
In an interview with the Orlando Sentinel, the chairman of Florida's rail commission debunks the myth that taxpayers will have to pay any part of the high-speed rail project from Orlando to Tampa if the project tops the $2.6 billion sticker price. The article as well...
AAR: Railroads positioned for job growth over next five years
(The Association of American Railroads issued the following press release on January 24, 2011.) WASHINGTON, D.C. — America's railroads are well positioned for job growth as rail traffic begins to return and the industry is forecasted to see a significant wave of...
Railroads get a boost from growing West Coast port traffic
U.S. West Coast ports are poised for two consecutive years of increased traffic for the first time since 2005-2006, a product of stronger global demand that will benefit America’s railroads and truckers. Los Angeles, the busiest port, forecasts shipments to rise as...
Hoffa: Billionaires’ coordinated scheme to ax your pay
(The following column by Teamsters General President James P. Hoffa appeared on The Huffington Post website on January 21, 2011.) The vast, corporate-funded campaign to weaken unions and lower wages of middle-class workers has reached into statehouses all over the...
CSX sees record financial results ahead in 2011
CSX, one of the largest U.S. railroads, aid it expects record financial results in 2011 when it reported 2010 quarterly earnings and revenue on January 24. CSX is the second major U.S. railroad to report fourth-quarter results. Union Pacific (UNP.N), the largest, also...
CSX announces record fourth quarter and full-year 2010 results
(CSX issued the following press release on January 24, 2011.) JACKSONVILLE, Fla. — CSX Corporation (NYSE: CSX) today announced fourth quarter earnings of $430 million, or $1.14 per share, versus $303 million, or $0.77 per share, in the same period last year. This...
