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Daily Headlines
Teamsters: It’s time to protect working America from debt
(Source: International Brotherhood of Teamsters press release, April 30, 2020) WASHINGTON, D.C. — Millions of workers are finding themselves in pinch right now, out of a job with bills to pay. The coronavirus has not only disrupted their livelihoods, it has left their...
NJ Transit revenues hit rock bottom
(Source: www.nj.com, May 1, 2020) NEWARK, N.J. — In less than a half a month, NJ Transit lost 80% of its ridership due to the coronavirus, a free fall that started on March 12 and hit close to rock bottom by the month’s end. Full story: www.nj.com
North Dakota attacks Washington state rules on crude rail shipments
(Source: Kallanish Energy, May 4, 2020) NEW YORK — Members of Congress from North Dakota are asking federal officials to step in and force Washington state to take Bakken Shale crude oil via rail from North Dakota with no restrictions, Kallanish Energy reports. Full...
$5.4 million grant brings New Orleans-Mobile Amtrak service a step closer to reality
(Source: The Sun Herald, May 3, 2020) BILOXI, Miss. — More money has been awarded to restoring a passenger rail service between New Orleans and Mobile, Mississippi’s U.S. congressmen announced Friday. A $5.45 million grant from the Federal Railroad Administration to...
Commentary: When will PSR-driven volume and service growth emerge?
(Source: Freight Waves opinion column by Jim Blaze, May 4, 2020) CHATTANOOGA, Tenn. — This week’s strategic question is “What are the bold new benefits shippers can expect now that the freight railways are super-efficient?” Full story: Freight Waves
Warren Buffett’s Berkshire swings to massive $50 billion net loss
(Source: Reuters, May 2, 2020) OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its...
STB backs scrap iron industry complaint against rail firms
(Source: Recycling Today, May 4, 2020) WASHINGTON, D.C. — The Washington-based Institute of Scrap Recycling Industries (ISRI) is calling a late April ruling by the federal Surface Transportation Board (STB) “a major win for the scrap industry.” ISRI has been making a...
STB issues decisions on demurrage and accessorial charges
(Source: Freight Waves, May 1, 2020) WASHINGTON, D.C. — The Surface Transportation Board (STB) has made three decisions defining how the freight railroads can apply demurrage and accessorial charges. Full story: Freight Waves
Norfolk Southern furloughs around 85 workers at Linwood Terminal
(Source: www.myfox8.com, May 1, 2020) HIGH POINT, N.C. — The Norfolk Southern transportation company released a statement Friday afternoon, saying the company has furloughed around 85 workers. Full story: www.myfox8.com
Union Pacific lays off De Soto car shop employees
(Source: My Leader Paper, May 1, 2020) FESTUS, Mo. — The Union Pacific railroad car shops in De Soto, one of the oldest and largest employers in Jefferson County, informed its hundreds of employees Thursday afternoon (April 30) that they were being laid off, effective...