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Airline, railroad stocks getting crushed

(Source: CNBC, December 13, 2018) NEW YORK — Transportation stocks have hit the skids and are looking worse than the broader market, a trend that needs to reverse for stocks to stabilize. The Dow Transports have lost 15 percent since Oct. 1, 6 percentage points worse...

BMWED remembers Brother who was killed in the line of duty

(Source: Brotherhood of Maintenance of Way Employes Division press release, December 5, 2018) SOUTHFIELD, Mich. — We have tragically lost another Brother to a terrible workplace accident. Brother John Eric Youmans, 34, of Early Branch, S.C., was hit and killed by a...

CSX is not ruling out a merger

(Source: Supply Chain Dive, November 30, 2018) CHATTANOOGA, Tenn. — When Union Pacific and Norfolk Southern announced they would implement “principles” of the PSR model, one question loomed large: Who would lead the charge? Full story: Supply Chain...

CSX finds a buyer for Florida panhandle route

(Source: Trains Magazine, November 12, 2018) WASHINGTON, D.C. — Shortline holding company RailUSA will acquire nearly 375 miles of CSX Transportation main line across the Florida Panhandle. The Florida Gulf & Atlantic Railroad will acquire 373 miles of CSX...