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NS announces new $10 billion stock repurchase program

(Source: Norfolk Southern press release, March 29, 2022) ATLANTA — Norfolk Southern Corporation announced on March 29 that its Board of Directors has authorized a new program for the repurchase of up to $10 billion of its common stock beginning April 1, 2022. The...

Grain-feed group seeks STB’s help on rail quagmire

(Source: World-Grain.com, March 25, 2022) ARLINGTON, Va. — Congestion and poor service on the nation’s railroads are symptoms of a network problem affecting entire regions, at times preventing feed deliveries to US livestock producers without backup suppliers. That...

Video of Pierce House testimony now available

INDEPENDENCE, Ohio, March 23 — A video of BLET President Dennis Pierce’s recent testimony before the House Subcommittee on Railroads, Pipelines and Hazardous materials is now available. The 13-minute video is a condensed version of the entire hearing, which shows...

Class Is employed fewer people in January

(Source: Progressive Railroading, March 11, 2022) U.S. Class Is employed 111,754 people in mid-January, down 2.4% from December 2021 and down 1.5% compared with employment during the same period a year ago, according to Surface Transportation Board (STB) data. All...