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Daily Headlines
Funding union pensions a sticking point in SEPTA talks
(The following story by Paul Nussbaum appeared on the Philadelphia Inquirer website on November 5, 2009.) PHILADELPHIA — In the face of public opposition and political pressure, the leader of striking SEPTA workers vowed yesterday to "stay out as long as it takes" to...
Union Pacific says Buffett, BNSF deal good for rails
(Reuters circulated the following story by Aarthi Sivaraman on November 4, 2009.) SEATTLE — Union Pacific Corp (UNP.N) executives said a move by Warren Buffett's Berkshire Hathaway Inc (BRKa.N)(BRKb.N) to buy its rival Burlington Northern Santa Fe Corp (BNI.N) was a...
Experts: Buffett’s stakes in other railroads not problematic
(Dow Jones Newswires circulated the following story by Josh Mitchell on November 4, 2009.) WASHINGTON, D.C. — Berkshire Hathaway Inc. (BRKA, BRKB) will likely be able to keep small stakes in two other freight-railroad operators in its bid to buy all of Burlington...
Buffett’s BNSF buy makes sense
(The following article appeared on The News-Record website on November 4, 2009.) GILLETTE, Wyo. — Warren Buffett’s purchase of BNSF Railway is no surprise considering his interests in energy production, including coal-fired power plants in the Midwest that get their...
BNSF railroaders stunned and hopeful
(The following story by Richard Piersol appeared on the Lincoln Journal Star website on November 3, 2009.) LINCOLN, Neb. — Nebraska railroaders have watched Berkshire Hathaway's incremental purchases of Burlington Northern Santa Fe stock over the past couple of years,...
Vote tonight to decide fate of Amtrak-VRE relationship
(The following story by Jennifer Buske appeared on the Washington Post website on November 5, 2009. Herbert Harris Jr. is Chairman of the BLET’s Washington D.C. Legislative Board.) WASHINGTON, D.C. — The fate of Amtrak's relationship with Virginia Railway Express will...
Railroad Retirement annuities and pensions from work not covered by Social Security or Railroad Retirement
(The U.S. Railroad Retirement Board issued the following on November 4, 2009.) CHICAGO — Employee annuities paid under the Railroad Retirement Act are subject to dual benefit reductions when social security benefits are also payable, and they may be subject to...
2009 Railroad Retirement Board Informational Conferences
CHICAGO — The U.S. Railroad Retirement Board holds free information conferences for railroaders. Conference registration begins at 8 a.m., with the programs beginning promptly at 8:30 a.m. and ending at 12:30 p.m. The U.S. Railroad Retirement Board holds free...
No Railroad Retirement benefit increase in 2010; Most retiree earnings limits remain at 2009 levels
(The Railroad Retirement Board issued the following on October 16, 2009.) CHICAGO — Railroad retirement annuities, like social security benefits, will not increase in January 2010 as there was no increase in the Consumer Price Index (CPI) from the third quarter of...
Railroad Retirement and survivor benefits
(The U.S. Railroad Retirement Board issued the following on October 7, 2009.) CHICAGO — Monthly benefits may be payable under the Railroad Retirement Act to the surviving widow(er), children, and certain other dependents of a railroad employee if the employee was...
