FRA Certification Helpline: (216) 694-0240

Rail Industry News

CP, KCS close into voting trust

Canadian Pacific Railway Limited (“CP”) today announced the completion of its acquisition of Kansas City Southern (“KCS”). The transaction represents an enterprise value of approximately US$31 billion. KCS stockholders will receive 2.884 CP common shares and US$90 in cash for each share of KCS common stock held and US$37.50 in cash for each share of KCS preferred stock held.

read more

CP Rail provincial tax exemption should end, Sask. officials say

Saskatchewan’s Conservative Members of Parliament are calling on the federal government to remove an exemption for Canadian Pacific Railway from various Saskatchewan provincial taxes. CP Rail is seeking $341 million in tax refunds, citing an 1880 agreement that exempted the railway from paying provincial taxes.

read more

Railroad Retirement and Unemployment Insurance taxes in 2022

The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2022, while the tax rates on employers and employees will stay the same. In addition, unemployment insurance contribution rates paid by railroad employers will include a surcharge of 3.5 percent, reflecting increased unemployment claims due to the pandemic.

read more

Railroad Retirement and Unemployment Insurance taxes in 2022

The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2022, while the tax rates on employers and employees will stay the same. In addition, unemployment insurance contribution rates paid by railroad employers will include a surcharge of 3.5 percent, reflecting increased unemployment claims due to the pandemic.

read more

KCS stockholders approve merger with CP

Kansas City Southern (“KCS”) announced that the Company’s stockholders have voted to approve the previously announced combination with Canadian Pacific Railway Limited (“CP”) at today’s virtual Special Meeting of Stockholders (“Special Meeting”). Of the 64.5 million shares voting at the Special Meeting, approximately 99.6% were cast in favor of the adoption of the proposed merger agreement.

read more

BLET News

UP-Central Region BLET members urged to vote YES on Tentative National Agreement

By Ronnie E. Rhodes, General Chairman On October 6, I attended a meeting in Cleveland where the current Tentative National Agreement was reviewed by all the BLET General Chairmen. I supported the National President’s decision to put this agreement before the membership for a ratification vote. I want you to be informed when your ballots arrive so I will lay out the facts in an attempt to help you make an informed decision.

All CBG union members urged to vote YES on Tentative National Agreement

The following is a statement from BLET Pennsylvania State Legislative Board Chairman Ken Kertesz urging all Coordinated Bargaining Group (CBG) union members to vote YES on the Tentative National Agreement. Brother Kertesz is a former Vice General Chairman on the Delaware & Hudson/CP Rail General Committee of Adjustment.

I’m voting YES on Tentative National Agreement

By James H. Dixon, BLET Division 62 Dear Brother Pierce: My thanks to you and your team for the Town Hall Meeting in Houston (October 25) to explain the new agreement proposal being considered. I arrived opposed to it and departed in support of it.

Video: BLET Town Hall Meeting

On November 7, 2017, the BLET National Division hosted a Town Hall Meeting regarding the Tentative National Agreement. More than 100 members and officers were in attendance, including representatives from BLET, SMART TD, and the American Train Dispatchers Association (ATDA). To help all BLET members make an informed decision about the agreement, a video of BLET National President Dennis R. Pierce’s presentation at the Town Hall is being made available online.

BLET MEMBERS – REGISTER FOR THE WEBSITE MEMBER AREA

IT’S SIMPLE AND TAKES ONLY A MINUTE.
REGISTER NOW »