November 29, 2022 | Headlines, PSR, STB
(Source: Progressive Railroading, November 22, 2022) Class Is employed 118,208 people as of mid-October, a 0.53% increase from mid-September employment levels and a 3.53% increase year over year, according to Surface Transportation Board data. Five of six employment...
November 29, 2022 | Headlines, PSR, STB, UP
(Source: Progressive Railroading, November 23, 2022) The Surface Transportation Board yesterday announced that it will hold a public hearing Dec. 13-14 with Union Pacific Railroad pertaining to the Class I’s increased use of embargoes as a way to reduce rail...
November 28, 2022 | BNSF, Headlines, National Negotiations 2019, PSR
(Source: Truthout, November 25, 2022) Billionaire Warren Buffett, one of the wealthiest men in the world and the CEO of BNSF Railway’s parent company, saw his wealth jump by nearly $1.4 billion in a single day earlier this week, a sum that could easily fund 15 days of...
November 28, 2022 | BNSF, Headlines, National Negotiations 2019, PSR
(Source: Markets Insider, November 25, 2022) Sen. Bernie Sanders has called out Warren Buffett for making billions of dollars, while rail employees are fighting for paid sick leave and better working conditions. “Warren Buffett, the owner of BNSF Railway’s...
November 28, 2022 | Headlines, National Negotiations 2019, PSR
(Source: Railway Age opinion column by Doug Riddell, November 22, 2022) Failure to offer some program of paid sick leave is not only unconscionable, but patently unsafe. I often went to work so sick I could hardly keep my head raised to observe the signals ahead—but I...
November 28, 2022 | AAR Freight Trends, Headlines, PSR
(Source: Railway Age, November 23, 2022) North American rail volume for the first 46 weeks of this year (ending Nov. 19, 2022) on 12 reporting U.S., Canadian and Mexican railroads came in at 31,230,674 carloads and intermodal containers and trailers. Full story:...
November 18, 2022 | Headlines, PSR
(Source: Trains Magazine analysis by Bill Stephens, November 17, 2022) Why would some Class I railroads continue their love affair with trains that don’t fit their physical plants? It’s because they care more about the operating ratio and investors than they do about...
November 18, 2022 | Headlines, PSR
(Source: Trains Magazine, November 18, 2022) Railroads will not regain market share lost to trucks unless they shift to traffic growth mode, transform their operations, and provide service that’s far more reliable than ever. Full story: Trains...
November 18, 2022 | AAR Freight Trends, Headlines, PSR
(Source: Association of American Railroads press release, November 16, 2022) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending November 12, 2022. For this week, total U.S. weekly rail traffic was...
November 17, 2022 | Headlines, PSR, STB
(Source: Freight Waves, November 16, 2022) The chairman of the federal Surface Transportation Board got up Wednesday in front of a room full of railroad executives, analysts and customers and ripped the industry to shreds. Martin Oberman offered his verdict on why...
