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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.

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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.

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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.

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BLET News

ATDA ratifies the national mediated collective bargaining agreement

The American Train Dispatchers Association (ATDA), a partner union of the Coordinated Bargaining Group (CBG), announced on November 27, 2017, that nearly two-thirds of its members voted for ratification of the national mediated collective bargaining agreement.

Thanksgiving 2017

By Dennis R. Pierce, BLET National President As we approach Thanksgiving, I ask our membership to join me in thanking those who are away from their families at this special time of year.

Duplicate ratification ballot schedule for Thanksgiving weekend

Voting continues on the question of approving the Tentative National Agreement until 11:59 p.m. EST on Thursday, November 30th. Because of the Thanksgiving holiday, the National Division Office will be closed on Thursday, November 23rd and Friday, November 24th.

Dehart reelected NS-Northern Lines/CFE General Chairman

Dewayne L. Dehart was reelected to his second term as General Chairman of the BLET’s Norfolk Southern-Northern Lines/CF&E General Committee of Adjustment at the GCA’s quadrennial meeting in Indianapolis, Ind., September 30-October 2, 2017.

BLET members to keep Health FSA plan for 2018

Members of the Brotherhood of Locomotive Engineers and Trainmen (BLET) will keep the Health Flexible Spending Account (Health FSA) through 2018 thanks to high enrollment levels in the money-saving plan.

GA-46000 Lifetime maximum adjusted for 2018

The lifetime maximum benefit for the Railroad Employees National Early Retirement Major Medical Benefit Plan (also known as ERMA or GA-46000) will increase from $157,800 to $162,500 on January 1, 2018.

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