BLET News
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Daily Headlines
CSX seeks to manage expenses and costs
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — CSX is seeking areas where it can cut even more costs as a way to counter the anticipated downturn in rail volumes in the second quarter due to the COVID-19 pandemic, according to executives speaking during...
Unknowns cloud cost savings for Union Pacific
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — Union Pacific has a number of cost-cutting measures it can deploy to counter an anticipated 25% reduction in rail volumes in the second quarter, but how that volume reduction will affect its operating ratio...
UP expects Q2 volumes to fall 25 percent
(Source: Progressive Railroading, April 22, 2020) Union Pacific Railroad today posted first-quarter net income of $1.5 billion, or $2.15 per diluted share, compared to $1.4 billion, or $1.93 per diluted share, a year ago. UP officials project second-quarter carload...
Report: UP to cut executive salaries, require non-union workers to take unpaid leave
(Source: Progressive Railroading, April 22, 2020) Union Pacific Corp.'s senior executives will take a 25 percent salary cut and nonunion workers will be required to take unpaid leave, as the Class I responds to a drop in volume due to the COVID-19 pandemic, Dow Jones...
Railroads unclear what’s around the bend for U.S. economy
(Source: Bloomberg, April 24, 2020) NEW YORK — Long before talk of driverless trucks, 3-D printing and drone delivery, old-school economic oracles from Warren Buffett to Alan Greenspan watched the railways for early signs of an oncoming U.S. recession. This freight...
AAR reports rail traffic for week ending April 18, 2020
(Source: Association of American Railroads press release, April 22, 2020) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending April 18, 2020. For this week, total U.S. weekly rail traffic was 403,283...
U.S. weekly rail volumes contract by 23%
(Source: Freight Waves, April 22, 2020) CHATTANOOGA, Tenn. — U.S. weekly rail traffic sank nearly 23% last week as COVID-19 pandemic woes put pressure on rail volumes for the second quarter. For the week ending April 18, U.S. rail volumes slipped 23.3% compared with...
Operation Lifesaver awards first innovative rail safety competitive grant for trespass prevention campaign
(Source: Operation Lifesaver press release, April 22, 2020) WASHINGTON, D.C. — Operation Lifesaver, Inc. (OLI), in partnership with the Federal Railroad Administration (FRA), announced it will award the first Innovative Rail Safety Grant for $60,000 to New York...
Canada moves record crude volume by rail for export
(Source: Kallanish Energy, April 23, 2020) NEW YORK — Canada shipped a record-high daily volume of crude oil by rail in February for export to the United States, Kallanish Energy reports. The daily volume of crude oil shipments was 411,991 barrels per day, the Canada...
6 charts show how PSR changed rail
(Source: Supply Chain Dive, April 22, 2020) WASHINGTON, D.C. — Precision-scheduled railroading (PSR) has been transforming the rail industry for years with its cost-cutting measures and its promise of more efficient operations. The rail carriers implementing these...
