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Daily Headlines
More than 100 MBTA employees are currently infected with coronavirus, agency says
(Source: WBUR, April 23, 2020) BOSTON — More than 100 MBTA employees are currently infected with the coronavirus as active cases continue to increase. Full story: www.wbur.org
Dozens of UP locomotives sitting idle north of Salt Lake
(Source: Television station KSL TV, April 21, 2020) SALT LAKE CITY, Utah — If a railroad locomotive is an iron horse, then a vast herd has been put out to pasture in Salt Lake City. They’re lined up, nose to tail, waiting to go nowhere — at least for now. By some...
Coronavirus has “decimated” payroll, NJ Transit workers wait for paychecks
(Source: NorthJersey.com, April 23, 2020) BERGEN COUNTY, N.J. — The payroll problems at NJ Transit have persisted for several weeks in which several hundred people were not paid for their normal shifts, others were paid the wrong amount and some said overtime hours...
Train crew van driver deals with COVID-19
(Source: Sandusky Register, April 21, 2020) PERKINS TWP., Ohio — Kevin Jaycox has a message for Ohioans clamoring for a return to normalcy amid the coronavirus outbreak: Pump the brakes. Jaycox has worked in eight states since November and has been quarantined twice....
Hoffa: New workplace safety bill would provide COVID-19 protection
(Source: International Brotherhood of Teamsters press release, April 22, 2020) WASHINGTON, D.C. — The following is a statement from Teamsters General President Jim Hoffa about legislation introduced yesterday by House Education and Labor Chairman Bobby Scott (D-Va.)...
CSX pulls financial forecasts as profit and volumes fall in Q1 2020
(Source: Reuters, April 22, 2020) LOS ANGELES — U.S. railroad operator CSX Corp. on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns triggered by the COVID-19 pandemic weigh on the U.S. economy. First-quarter...
CSX announces Q1 2020 financial results
(Source: CSX press release, April 22, 2020) JACKSONVILLE, Fla. — CSX Corp. today announced first quarter 2020 net earnings of $770 million, or $1.00 per share, versus $834 million, or $1.02 per share in the same period last year. CSX’s operating ratio set a Class I...
Union Pacific sees first quarter net profit grow
(Source: Freight Waves, April 23, 2020) CHATTANOOGA, Tenn. — Union Pacific’s net profits for the first quarter rose 7%, with the company reaching a record operating ratio (OR) despite lower revenues. Union Pacific (UP) announced its first-quarter 2020 net income was...
Union Pacific reports Q1 2020 financial results
(Source: Union Pacific press release, April 23, 2020) OMAHA, Neb. — Union Pacific Corporation today reported 2020 first quarter net income of $1.5 billion, or $2.15 per diluted share. This compares to $1.4 billion, or $1.93 per diluted share, in the first quarter...
Using railroad tank cars to store excess oil is possible but improbable for now
(Source: Market Watch, April 22, 2020) NEW YORK — There is a chance that using empty railroad tank cars could solve the problem of too much oil and not enough storage, but that doesn’t mean it will happen anytime soon. Full story: www.marketwatch.com
