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Daily Headlines
CN declares second-quarter 2019 dividend
(Source: CN press release, April 29, 2019) MONTREAL — CN announced today that its Board of Directors has approved a second-quarter 2019 dividend on the Company’s common shares outstanding. A quarterly dividend of fifty-three and three-fourths cents (C$0.5375) per...
Harsh winter chills CN’s 1Q 2019 revenues
(Source: Canadian Press, April 29, 2019) MONTREAL — Canadian National Railway Co. saw first-quarter profits fall slightly short of analysts' expectations as harsh winter weather worked to ramp up operating costs and offset a hefty increase in revenue. Canada’s largest...
Railroads blame PSR, harsh weather for muted intermodal growth
(Source: Supply Chain Dive, April 29, 2019) WASHINGTON, D.C. — Intermodal growth in 2018 may have created the illusion that a rising tide would lift all ships. Now it's becoming clear that when intermodal growth is less robust, operational strategies, such as PSR,...
Union Pacific moves monster loaded coal train with two distributed power sets to Wisconsin power plant
(Source: Trains.com, April 29, 2019) OAK CREEK, Wis. — With Precision Scheduled Railroading in effect at Union Pacific, longer trains have become more frequent across its system. UP recently moved one monster coal train that had 270 loads, totaled 38,475 tons, and...
UE Local 610 members rally against Wabtec concessions
(Source: United Electrical, Radio and Machine Workers of America (UE) press release, April 29, 2019) WILMERDING, Pa. — Members of UE Local 610, who work at Wabtec’s Wilmerding and Greensburg facilities, rallied on Saturday, April 27 against Wabtec’s demands for...
CN reports 1Q 2019 financial results
(Source: CN press release, April 29, 2019) MONTREAL CN today reported its financial and operating results for the first quarter ended March 31, 2019. “I’m pleased that the CN team continued to deliver very solid results during the first quarter of 2019,” said JJ...
Celebrations and history: 150th anniversary of the transcontinental railroad
(Source: Daily Nonpareil, April 28, 2019) COUNCIL BLUFFS, Iowa — This year marks the 150th anniversary of the completion of the nation’s first transcontinental railroad. As someone who did not grow up here, it’s been such a pleasure to learn more about this momentous...
Wyoming governor criticizes consideration of coal plant closures in state
(Source: Casper Star Tribune, April 26, 2019) CASPER, Wyo. — Gov. Mark Gordon said he was “deeply concerned” Friday by Rocky Mountain Power’s serious consideration of shuttering some coal-fired power plant units in Wyoming within four years. Full story: Casper Star...
Teamsters Military Assistance Program meets with Army, Soldier for Life program
(Source: International Brotherhood of Teamsters press release, April 26, 2019) WASHINGTON, D.C. — General President Hoffa and Airline Division Director David Bourne recently met with Sergeant Major of the Army and Senior Enlisted Member of the U.S. Army, Daniel Dailey...
CSX challenges family’s lawsuit in Hyndman derailment
(Source: Altoona Mirror, April 27, 2019) ALTOONA, Pa. — CSX railroad has answered a lawsuit filed against it last week, admitting that there was an air leak in the brake system of one railcar in a train that derailed in Hyndman Borough in 2017, but denying and...
