March 9, 2022 | Headlines, PSR, STB
(Source: Trains Magazine, March 8, 2022) WASHINGTON, D.C. — A combination of Precision Scheduled Railroading and pressure from Wall Street has prompted railroads to slash costs and raise rates while providing less reliable service, rail shippers and labor told...
March 9, 2022 | BNSF, Headlines, Quarterly Income
(Source: Trains Magazine, March 3, 2022) FORT WORTH, Texas — BNSF’s financial report suggests the railroad paid MRL around $2 billion to tear up the lease well before it was scheduled to expire in 2047. That’s right in line with independent analyst Anthony B. Hatch’s...
March 9, 2022 | Headlines, National Negotiations 2019
(Source: BMWED/SMART-TD press release, March 7, 2022) SOUTHFIELD, Mich. — The recent letter of support from the Coordinated Bargaining Coalition, comprising of 11 Rail Unions including our Teamster Rail partner the Brotherhood of Locomotive Engineers and Trainmen, is...
March 9, 2022 | CP-KCS Merger, Headlines, STB
(Source: Trains Magazine, March 7, 2022) WASHINGTON, D.C. — The Class I railroads behaved like you’d expect: Following a tradition in the industry, they lined up against a merger that’s not theirs. That’s partly because railroads want to protect their turf and keep...
March 9, 2022 | CP, CP-KCS Merger, Headlines
(Source: Reuters, March 7, 2022) BOSTON — Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye a boost from the drive to cut carbon emissions and as...
