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
When Sears flourished, so did workers: with Amazon, it’s more complicated
(Source: New York Times, October 25, 2018) NEW YORK — Half a century ago, a typical Sears salesman could walk out of the store at retirement with a nest egg worth well over a million in today’s dollars, feathered with company stock. A warehouse worker hired now at...
UP laying off 475, cutting 200 contract jobs
(Source: Associated Press, October 24, 2018) OMAHA, Neb. — Union Pacific will lay off 475 railroad workers and eliminate another 200 contract jobs by the end of the year to further reduce its expenses. Full story: www.ktiv.com
A cautionary tale of oil by rail: the Lac-Megantic disaster five years later
(Source: The Narwhal, October 24, 2018) NEW YORK — It’s now been half a decade since the catastrophic Lac-Mégantic rail disaster in southern Quebec. On the night of July 6, 2013, a runaway train carrying shale oil from North Dakota exploded, killing 47 people and...
CN vies for crude-hauling crown
(Source: Bloomberg, October 24, 2018) MONTREAL — Canadian National Railway Co. expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway Ltd. to dominate a booming market for the alternative to pipelines. Crude oil...
Canadian farm groups fear crude by rail proposal could hurt country’s grain exports
(Source: Calgary Herald, October 24, 2018) CALGARY — Still smarting from last year’s grain backlog, Alberta farm groups say Premier Rachel Notley’s suggestion that the federal government invest in crude-by-rail capacity could make it even harder to get their crops to...
Canada has an ‘obligation’ to step in and fund oil by rail, industry advocate says
(Source: CBC News, October 24, 2018) OTTAWA — Canada's inability to get oil and gas to global markets has put the country in crisis and the federal government has an "obligation" to intervene by investing in oil by rail, says the head of an industry lobby group. Full...
NJ Transit fast-tracks locomotive engineer training
(Source: Progressive Railroading, October 24, 2018) New Jersey Transit last week began a new accelerated training course as part of an effort to address a shortage of locomotive engineers. Full story: Progressive Railroading
Norfolk Southern to adopt scheduled railroading operating principles
(Source: Trains, October 24, 2018) Norfolk Southern will adopt Precision Scheduled Railroading principles as it develops a new operating plan that aims to produce better service at lower cost. The decision, announced today, comes a month after Union Pacific said it,...
RRB: Sequestration rate adjusted, affected benefits to rise
(Source: Railroad Retirement Board press release, September 30, 2018) CHICAGO — Starting October 1, 2018, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 6.2 percent, down from the current 6.6 percent...
NS declares quarterly dividend
(Source: Norfolk Southern press release, October 23, 2018) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 80 cents per share on its common stock, payable on Dec. 10 to shareholders of record on Nov. 2. Since its inception...
