October 25, 2023 | Headlines, Railroad Retirement
(Source: Railroad Retirement Board press release, October 18, 2023) CHICAGO — Most railroad retirement annuities, like social security benefits, will increase in January 2024 due to a rise in the Consumer Price Index (CPI) from the third quarter of 2022 to the...
October 25, 2023 | Headlines, Railroad Retirement
(Source: Railroad Retirement Board press release, October 18, 2023) CHICAGO — Railroad retirement annuitants subject to earnings restrictions can earn more in 2024 without having their benefits reduced due to increased limits indexed to average national wage...
October 25, 2023 | East Palestine-NS, EPA, Headlines, NS
(Source: Reuters, October 18, 2023) The U.S. Environmental Protection Agency (EPA) on Wednesday ordered Norfolk Southern Corp to carry out additional cleanup in East Palestine, Ohio, following the Feb. 3 derailment of a company-operated freight train. Full story:...
October 25, 2023 | Fatality, Headlines, NS, NTSB
(Source: Associated Press, October 18, 2023) Several days before a Norfolk Southern conductor trainee was killed by a metal beam protruding from a parked railcar on the next track, workers at a U.S. Pipe facility noticed the beam was hanging off the top of the car but...
October 25, 2023 | Headlines, Quarterly Income, UP
(Source: Reuters, October 19, 2023) Union Pacific reported a 19% fall in quarterly profit on October 19, as higher labor costs and lower volumes outweighed the benefits from price hikes implemented by the railroad operator. The company’s operating ratio, a key...
October 25, 2023 | CSX, Headlines, Quarterly Income
(Source: Trains.com, October 19, 2023) CSX Transportation earnings declined alongside a third-quarter volume slump. Quarterly operating income dropped 18%, to $1.3 billion, as revenue fell 8%, to $3.6 billion. Earnings per share declined 19%, to 42 cents. CSX’s...
October 18, 2023 | BNSF, Derailment, Fatality, Headlines, NTSB
(Source: Associated Press, October 17, 2023) A broken rail caused a train derailment that collapsed a bridge over an interstate highway in Colorado, killing a truck driver and blocking the road for days, federal authorities said Tuesday based on their preliminary...
October 18, 2023 | Headlines, High Speed Rail
(Source: Mineta Transportation Institute press release, October 12, 2023) SAN JOSE, Calif. — An increasing number of studies suggest that high-speed rail (HSR) could have many economic and environmental benefits for the U.S. The latest Mineta Transportation Institute...
October 13, 2023 | Headlines, Railroad Retirement
(Source: Railroad Retirement Board press release, October 2, 2023) The payment of a railroad retirement annuity can be affected by entitlement to social security benefits, as well as certain other government benefits. Such dual entitlement, if not reported to the...
October 13, 2023 | Amtrak, Commuter Rail, FRA, Headlines
(Source: Federal Railroad Administration press release, October 12, 2023) WASHINGTON, D.C. — The Federal Railroad Administration (FRA) announced a final rule requiring the installation of inward- and outward-facing image recording devices on all passenger train lead...
