June 5, 2023 | CEO Pay, Headlines, NS
(Source: Market Beat, June 4, 2023) Norfolk Southern Co. CEO Alan H. Shaw sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 1. The shares were sold at an average price of $209.55, for a total transaction of $419,100.00. Following the...
June 2, 2023 | Headlines, Supreme Court, Teamsters
(Source: International Brotherhood of Teamsters press release, June 1, 2023) WASHINGTON, D.C. — The following is a statement from Teamsters General President Sean M. O’Brien on the Supreme Court’s ruling today in Glacier Northwest, Inc. v. International Brotherhood of...
June 2, 2023 | AAR Freight Trends, Headlines, PSR
(Source: Railway Age, May 31, 2023) For the first 21 weeks of 2023 (ending May 27), total U.S. weekly rail traffic dipped 4.1% from the same point last year, according to the Association of American Railroads’ (AAR) May 31 report. Both Canada and the U.S. saw...
June 2, 2023 | Derailment, Headlines, NS, NTSB
(Source: Trains Magazine, June 1, 2023) The 164th car of a Norfolk Southern train triggered a critical hot box detector alert before a May wreck in Pennsylvania, but the train continued on its journey for 15.34 miles before derailing because neither the crew nor the...
June 2, 2023 | East Palestine-NS, Headlines, NS
(Source: Freight Waves, June 1, 2023) “I’m taking it personal. We’re going to be the gold standard in safety in the rail industry,” Norfolk Southern CEO Alan Shaw said at the North American Rail Shippers annual conference in Chicago last week. Full story: Freight...
June 2, 2023 | Headlines, STB, UP
(Source: Surface Transportation Board press release, May 31, 2023) WASHINGTON, D.C. — The Surface Transportation Board’s Office of Environmental Analysis (OEA) today issued a Draft Environmental Assessment (EA) for the proposed construction of a new rail line in Mesa,...
June 2, 2023 | Headlines, Historic/Steam
(Source: Freight Waves, May 31, 2023) The Pacific Railway Act of 1862 was enacted by President Abraham Lincoln to garner federal support for construction of the transcontinental railroad. While B&O Railroad was the first commercial transportation by rail in 1827,...
June 2, 2023 | Headlines, Railroad Retirement
(Source: Railroad Retirement Board press release, June 1, 2023) CHICAGO — The Railroad Retirement Board (RRB) administers the Railroad Unemployment Insurance Act (RUIA), which provides two kinds of benefits for qualified railroaders: unemployment benefits for those...
June 1, 2023 | FRA, Headlines
(Source: Freight Waves, May 31, 2023) The Federal Railroad Administration is proposing rules to formalize the certification process for two groups of craft employees working on U.S. freight railroads. Each proposed rule — one for train dispatchers and the other for...
June 1, 2023 | DOT, Headlines, Railroad Safety
(Source: Yahoo Finance, May 31, 2023) US Transportation Secretary Pete Buttigieg is ramping up pressure on the country’s largest freight railroads to improve safety after a series of high-profile derailments. Full story: Yahoo Finance
