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Daily Headlines
CN reports Q3 2019 financial results
(Source: CN press release, October 22, 2019) MONTREAL — CN today reported its financial and operating results for the third quarter ended September 30, 2019. "CN delivered strong results, despite a softening economy,” said JJ Ruest, president and chief executive...
Norfolk Southern reports Q3 2019 financial results
(Source: Norfolk Southern press release, October 23, 2019) NORFOLK, Va. — Norfolk Southern Corporation today reported third-quarter financial results. Third-quarter net income was $657 million and diluted earnings per share were $2.49. The operating ratio for the...
UAW member on picket line hit by car, dies at Tennessee plant
(Source: Detroit News, October 22, 2019) DETROIT — A General Motors Co. employee was struck by a car and killed Tuesday while out picketing on the strike line near the automaker's Tennessee plant, according to police. Roy A. McCombs died while on strike with the...
UAW-GM strike, day 37: Voting results trickle in from UAW members
(Source: Detroit News, October 22, 2019) DETROIT — UAW Local 1853 members at the Spring Hill Manufacturing plant in Tennessee voted down the contract 51% to 49% with skilled trades and production votes combined, according to unofficial results on the local's website....
How tentative GM deal stacks up to previous UAW contract
(Source: Detroit News, October 21, 2019) DETROIT — United Auto Workers striking General Motors Co. for the past month demanded the return of production from Mexico and reversal of plans to close the sprawling Lordstown Assembly complex in northeast Ohio’s Mahoning...
Buffett: Berkshire is worth much more as one than broken up
(Source: GuruFocus.com, October 21, 2019) NEW YORK — One argument that has started to gain a lot of traction with Wall Street analysts and owners of Berkshire Hathaway stock over the past few years is the idea that the conglomerate might be broken up after Warren...
Railroad bridge in Houston partially collapses, derailing UP train
(Source: Railway Track & Structures, October 21, 2019) NEW YORK — A railroad bridge has partially collapsed in northeast Houston this morning, causing a train to derail. Union Pacific says it was executing switching operations when the span failed around 1 a.m. this...
Amtrak: Host railroads responsible for on-time performance issues
(Source: Railway Age, October 21, 2019) WASHINGTON, D.C. — Amtrak Inspector General Kevin H. Winters recently issued a report about the economic impact of sub-standard On-Time Performance (OTP) of Amtrak trains caused by the freight railroads that host and dispatch...
Federal appeals court rules against BMWED in automated track inspection case
(Source: Brotherhood of Maintenance of Way Employes Division press release, October 18, 2019) SOUTHFIELD, Mich. — A federal appeals court has ruled against the BMWED in our attempt to require BNSF to perform full visual human-conducted track inspections at the bare...
KCS bucks downward trend with cross-border freight boost
(Source: Supply Chain Dive, October 21, 2019) WASHINGTON, D.C. — KCS is exhibiting the effects of overall depressed volume for railroads less than other Class I's due to its substantial freight share that crosses the U.S.-Mexico border. Chemical and petroleum products...
