July 23, 2024 | Headlines, PSR, STB
(Source: Trains.com, July 23, 2024) In the west, Union Pacific has 146 more engineers and conductors than a year ago and BNSF Railway has added 57 engineers and conductors, according to labor data provided to the Surface Transportation Board last month. As of June,...
July 17, 2024 | Headlines, PSR, Shippers, STB
(Source: The Load Star, July 16, 2024) Robert Primus, the new chairman of the US Surface Transportation Board (STB), has called in the CEOs of the North American Class I rail carriers to discuss the decline of rail traffic and how to revive it. Citing a 28% decline in...
May 23, 2024 | East Palestine-NS, Headlines, PSR
(Source: Reuters, May 23, 2024) Norfolk Southern agreed to pay a $15 million civil penalty and $57.1 million in past government cleanup costs as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in East Palestine, Ohio,...
May 16, 2024 | Furloughs, Headlines, PSR
(Source: Office of U.S. Senator Tammy Baldwin (D-WI), May 15, 2024) Today, U.S. Senator Tammy Baldwin (D-WI) called on the six Class I railroads to address severe staffing shortages that are endangering workers, increasing the risk of derailments and accidents, and...
May 9, 2024 | Headlines, NS, PSR
(Source: Associated Press, May 9, 2024) Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away. Full...
May 9, 2024 | Headlines, NS, PSR
(Source: Associated Press, May 9, 2024) Norfolk Southern shareholders will decide Thursday morning (May 9) whether to back an activist investor’s bid to take over the railroad’s board and replace management. Ancora Holdings picked up significant support during the...
May 3, 2024 | Headlines, PSR, STB
(Source: Surface Transportation Board press release, April 26, 2024) Surface Transportation Board Chairman Martin J. Oberman announced today that he will retire from the Board on May 10, 2024. He informed President Joseph R. Biden, Jr. of his plans by letter earlier...
April 8, 2024 | Headlines, PSR, Shippers
(Source: Trains.com, April 5, 2024) Recent research on potential 2030 scenarios for North American Class I railroads shows that focusing on growth — backed by a cost-efficient and reliable operation — is the only strategy likely to lead to long-term value creation....
April 8, 2024 | Canada, Headlines, Ports, PSR, Shippers, Teamsters Canada
(Source: The Load Star, April 5, 2024) A surge of imports meeting strained rail capacity has pushed up container dwell times at North American west coast ports, especially in Vancouver. Full story: The Load Star
April 8, 2024 | Headlines, NS, PSR
(Source: Trains.com, April 5, 2024) Norfolk Southern has pruned its intermodal network and made the operating ratio a key component of its executive compensation plans, the railroad announced yesterday amid its proxy battle with activist investor Ancora Holdings. NS...
