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Daily Headlines
NJ Senate President: No more excuses. It’s time to fix NJ Transit
(Source: Opinion column by Steve Sweeney at www.nj.com. Sweeney is president of the New Jersey State Senate.) NEWARK, N.J. — The record shows that the Legislature has added $240 million more to New Jersey Transit’s operating subsidy since 2013, increasing the...
GE to freeze pension plans for about 20,000 U.S. employees in a bid to cut debt
(Source: Reuters, October 7, 2019) NEW YORK — General Electric said on Monday it was freezing pension plans for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate makes another drastic move to cut debt and reduce its pension deficit by...
Canadian crude by rail to the U.S. Gulf Coast approaches record
(Source: JWN Energy, October 7, 2019) CALGARY, Alberta — The uptick in crude by rail traffic out of the Western Canada Sedimentary Basin over the last six months has a clear preferred target: the U.S. Gulf Coast refining cluster. Data from the U.S. Energy Information...
UAW-GM strike, day 21: UAW says talks “take turn for the worse”
(Source: Detroit News, October 6, 2019) DETROIT — The United Auto Workers national strike against General Motors Co. is poised to begin its fourth week Monday after negotiations took "a turn for the worse" over the weekend, Vice President Terry Dittes told union local...
DOT’s Chao favored Kentuckians in meeting with officials seeking grants
(Source: Politico, October 7, 2019) WASHINGTON, D.C. — In her first 14 months as Transportation secretary, Elaine Chao met with officials from Kentucky, which her husband Mitch McConnell represents in the Senate, vastly more often than those from any other state. In...
What PSR is, and isn’t
(Source: Railway Age, October 4, 2019) NEW YORK — Out of a remote location in a corner of New England comes an interesting operations research view of what Precision Scheduled Railroading (PSR) is, and is not. Peter Swan, a Ph.D. rail and logistics expert from the...
SMART TD General Chairpersons resolve to act in solidarity in face of negotiations, lawsuit
(Source: SMART Transportation Division press release, October 4, 2019) INDEPENDENCE, Ohio — Hours after a lawsuit by rail carriers targeting our union over crew consist was announced Oct. 3, the Association of General Chairpersons — District 1 unanimously resolved to...
American railroads are already in recession with no end in sight
(Source: Bloomberg, October 7, 2019) NEW YORK — This year’s railroad slump is getting worse as a slowdown in manufacturing threatens broader weakness in the U.S. economy. There’s no bottom in sight as the decline in carloads for large U.S. railroads widened to 5.5% in...
GM can handle losses of UAW strike if new contract lowers labor costs
(Source: Detroit News, October 3, 2019) DETROIT — Some analysts estimate the UAW's nationwide strike against General Motors has cost the company about $1 billion so far. But GM can withstand the financial losses because of what it stands to gain with a new UAW...
UAW-GM strike, day 19: Unsettled issues remain at the main table
(Source: Detroit News, October 4, 2019) DETROIT — General Motors Co. and the United Auto Workers were expected to resume contract negotiations Friday morning, as the national strike against the Detroit automaker persisted into its 19th day. Full story: Detroit News
