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Daily Headlines
Union Pacific CFO sells $3.4 million in company stock
(Source: Stock News Times, April 6, 2018) NEW YORK — Union Pacific Co. CFO Robert M. Knight, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20. The shares were sold at an average price of $137.39, for a total...
CSX to purchase collision avoidance system
(Source: Transport Topics, April 6, 2018) ARLINGTON, Va. — Freight rail company CSX Corp. is ordering the Protran Technology Collision Avoidance System to be installed on several hundred of its railway track maintenance machines, and eventually onto its entire fleet....
Metra safety plan proposes fewer morning BNSF express trains from Hinsdale to Chicago
(Source: Pioneer Press, April 6, 2018) CHICAGO — Proposed schedule changes on the Metra BNSF line will drop the number of morning trains that run express from downtown Hinsdale to Chicago from four to two, and the total number of trains from eight to seven between...
GE on track to end Erie locomotive production in 2018
(Source: GoErie.com, April 9, 2018) ERIE, Pa. — Unfortunately for the company’s union workforce in Erie — 1,600 of whom were sent walking in 2016 — the jobs aren’t in Erie, but at the GE plant in Fort Worth, Texas. Full story: www.goerie.com
How are the beleaguered railroads doing? Here’s a graphic overview
(Source: Freight Waves, April 8, 2018) NEW YORK — With rail service issues very much on the minds of the entire supply chain, it's good to take a look at the current performance of the class 1 railroads in the U.S., and see whether there has been any improvement in...
CSX’s Harrison was among highest paid CEOs in 2017
(Source: News4jax.com, April 9, 2018) JACKSONVILLE, Fla. — Former CSX executive Hunter Harrison was among the highest paid CEOs in 2017, according to a report from the Wall Street Journal. CSX Corp. disclosed that the compensation package for Harrison, who died in...
CP Rail engineers and conductors authorize strike
(Source: Reuters, April 6, 2018) MONTREAL — Canadian Pacific Railway conductors and locomotive engineers on Friday voted to authorize a strike action that could have the 3,000 workers walk off the job as early as April 21, Teamsters Canada said in a statement. Full...
GE’s Fort Worth locomotive factory looking at a busy summer
(Source: Dallas Morning News, April 5, 2018) DALLAS — On a recent weekday morning at a factory near the Texas Motor Speedway, a team of five workers carefully maneuvered a massive engine enclosure into place with an overhead crane, slowly lowering it onto a recently...
Norfolk Southern responds to STB on service issues
(Source: Progressive Railroading, April 4, 2018) Norfolk Southern Railway's service "is not where we or our customers need it to be," the Class I's Chairman, President and Chief Executive Officer James Squires acknowledged in a letter to the Surface Transportation...
Connecticut DOT blaming Amtrak for decision to lease old rail cars for Hartford Line
(Source: Hartford Courant, April 6, 2018) HARTFORD, Conn. — Connecticut officials are blaming their decision to lease aged rail cars from Massachusetts for the new Hartford Line commuter service on Amtrak’s failure to complete electrification of the Shore Line East...
