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Daily Headlines
MTA must disinfect trains daily to protect commuters, Gov. Cuomo says
(Source: New York Post, April 29, 2020) NEW YORK — The MTA must guarantee that essential workers commuting each morning are getting on subway trains disinfected of the coronavirus the night prior, Gov. Andrew Cuomo said Wednesday, continuing to rail against...
NS posts lower Q1 revenue, withdraws full-year outlook
(Source: Progressive Railroading, April 29, 2020) Norfolk Southern Corp. today reported first-quarter 2020 railway operating revenue fell 8 percent to $2.6 billion compared to first-quarter last year, driven by an 11 percent decline in total volume. Full story:...
Wabtec to cut 300 Erie jobs
(Source: GoErie.com, April 30, 2020) ERIE, Pa. — Wabtec Corp., which purchased GE Transportation in February 2019, is expected to lay off about 300 union workers. The planned cutback would bring the plant’s union workforce to about 1,200. Full story:...
Teamsters urge Tenet Healthcare shareholders to reject $24 million CEO pay package as company’s frontline workers confront COVID-19 pandemic and furloughs
(Source: International Brotherhood of Teamsters press release, April 28, 2020) WASHINGTON, D.C. — The International Brotherhood of Teamsters, whose pension and benefit funds invest in Tenet Healthcare Corp. (NYSE: THC), today urged other shareholders to reject the...
NS anticipates some cost cuts as permanent
(Source: Freight Waves, April 29, 2020) CHATTANOOGA, Tenn. — Norfolk Southern expects some of the cost cuts it made in response to the pandemic-induced rail volume decline to be permanent, its executives said during the eastern U.S. railroad’s first-quarter 2020...
U.S. rail traffic slips by over 22% in most recent week
(Source: Freight Waves, April 30, 2020) CHATTANOOGA, Tenn. — Weekly U.S. rail traffic continued to tumble as sheltering-in-place mandates and structural declines for U.S. coal consumption dragged volumes lower. U.S. rail volumes slipped 22.4% to 414,123 carloads and...
SEPTA and TWU agree to new safety measures, averting crisis
(Source: WHYY.org, April 28, 2020) PHILADELPHIA — After a standoff over worker safety that threatened to derail the commutes of thousands of health care workers last week, the union that represents SEPTA employees has declared a victory. Full story: www.whyy.org
CN pays $1.25 million in 2016 Iron Range wildfire settlement
(Source: CBS Minnesota, April 28, 2020) MINNEAPOLIS, Minn. — Canadian National Railway has paid $1.25 million to settle damage caused by a 2016 wildfire that burned national forest land in northeastern Minnesota, federal prosecutors said Tuesday. Full story: CBS...
CP Rail invoices Canadian farmers for regulated upgrades to rail crossings
(Source: Real Agriculture, April 28, 2020) LETHBRIDGE, AB — A regulation change in 2014 requiring updating and potentially upgrading some rail crossings means several Manitoba farmers are on the hook for thousands in work to be done by CP Rail. A representative for...
CN anticipates a rough May
(Source: Freight Waves, April 28, 2020) CHATTANOOGA, Tenn. — The worst of the COVID-19 pandemic’s effect on freight rail activity is yet to come, said executives during Canadian National’s first-quarter earnings call on April 27. Full story: Freight Waves
