Rail Industry News
Hoffa: Billionaires’ coordinated scheme to ax your pay
(The following column by Teamsters General President James P. Hoffa appeared on The Huffington Post website on January 21, 2011.) The vast, corporate-funded campaign to weaken unions and lower wages of middle-class workers has reached into statehouses all over the...
CSX sees record financial results ahead in 2011
CSX, one of the largest U.S. railroads, aid it expects record financial results in 2011 when it reported 2010 quarterly earnings and revenue on January 24. CSX is the second major U.S. railroad to report fourth-quarter results. Union Pacific (UNP.N), the largest, also...
CSX announces record fourth quarter and full-year 2010 results
(CSX issued the following press release on January 24, 2011.) JACKSONVILLE, Fla. — CSX Corporation (NYSE: CSX) today announced fourth quarter earnings of $430 million, or $1.14 per share, versus $303 million, or $0.77 per share, in the same period last year. This...
U.S. Class I workforce declined overall but T&E increased, STB data shows
After across-the-board employment gains in November, U.S. Class Is registered a few workforce declines in December, according to Surface Transportation Board (STB) data. As of mid-December, the large roads employed 154,400 people, down 0.4 percent compared with...
Virginia Museum of Transportation has steam engine enthusiasts excited
Few locomotives in this world could make the Norfolk and Western 1218 take a back seat at the Virginia Museum of Transportation. The Chesapeake and Ohio 614 is one of them. The 434-ton steam locomotive, which has been called the last commercially manufactured mainline...
Metra to weigh cost, practicality of switching diesel locomotives to electric
Of Metra's 11 routes, the Electric Line is the only one whose trains are powered by electricity. But with heightened concerns over toxic locomotive fumes, some officials wonder if dumping diesel power on Metra's other lines isn't such a bad idea. Representatives from...
Webcast alert: KCS to announce 4Q earnings on January 27
Kansas City Southern announced the following Webcast: What: Fourth Quarter 2010 Earnings Release Conference Call When: January 27, 2011 @ 8:45 AM Eastern Where: http://www.investorcalendar.com/ClientPage.asp?ID=162817 How: Live over the Internet -- Simply log on to...
CAW cancels plans for strike at CN after tentative deal
According to the Canadian Press, the Canadian Auto Workers have reached a tentative agreement with the Canadian National Railway that avoids a potential strike. The union, which represents nearly 4,000 workers at CN, had set January 25 as the deadline for a strike....
High-speed rail jobs belong to California workers
MERCED, Calif. — Assemblywoman Cathleen Galgiani on Friday (January 21) reassured a packed room of residents, Realtors and local officials that the majority of high-speed rail jobs will go to California workers. She urged local and small businesses to bid on rail...
Politics weighing on Florida high-speed rail effort
Florida's high-speed rail system may offer trains capable of running at 168 mph, but the project has yet to prove it can outrun the pull of state politics. It has been that way from the beginning. Voters in 2000 approved a constitutional amendment authorizing...
Membership in U.S. unions dips to record low
Union membership in U.S. companies slumped to a record low last year after the recession eroded employment in industries where organized labor represents the work force, the Labor Department reported. Unions represented 6.9% of employees in companies, down from 7.2%...
SEPTA plans to borrow $250 million for rail cars, station makeover
Facing hefty bills for 120 new railcars and a planned makeover of the dilapidated Wayne Junction station in Germantown, SEPTA is planning to borrow $250 million. The trip to Wall Street's bond markets would be SEPTA's first borrowing for new projects in 12 years. The...
Union Pacific track workers help boost town’s economy
LOMPOC, Calif. — Two Union Pacific railroad crews are making Lompoc their making repairs to the tracks and signals in Santa Barbara County. More than 200 crew members, who are scheduled to work on alternating shifts for two to three months, are staying in local...
High-speed rail agency to help buy LA rail station
According to the Associated Press, the California High-Speed Rail Authority said Wednesday (January 19) it will put in more than $30 million toward the purchase of land in and around historic Union Station, a transportation hub in downtown Los Angeles that may one day...
Chicago Teamsters link with Chinese labor federation for trade union partnership
(Teamsters Joint Council 25 issued the following press release on January 20, 2011.) CHICAGO — As Chinese President Hu Jintao makes a rare visit to Chicago on Thursday, Teamsters Joint Council 25 has already met and signed an official memorandum of exchange and...
Amtrak Cascades sees record number of riders in 2010
Ridership on Amtrak Cascades hit an all-time record in 2010 as numbers of riders jumped more than 10 percent. More than 800,000 passengers boarded the trains that run between Vancouver, B.C. and Eugene, Oregon. Service to British Columbia was the main reason for the...
FRA issues guidance for improving safety at highway-rail grade crossings and preventing railroad trespassing
(The Federal Railroad Administration issued the following on January 20.) U.S. Transportation Secretary Ray LaHood today announced guidance for further reducing highway-rail grade crossing and railroad trespassing incidents. The guidance to railroads and state and...
Railroad transient in burn mystery released from hospital
The transient who claimed to have suffered chemical burns when he hitched a ride on a railroad tanker near Pottsville, Pa., overnight Sunday has been released from the hospital. Citing privacy laws the hospital's director of media relations, said he could not comment...
Rail CEOs head to White House
U.S. rail industry leaders plan to meet next week at the White House with Austan Goolsbee, chairman of the president’s Council of Economic Advisers, to discuss the costs of new regulations facing the railroad industry, including the mandate for crash-avoidance systems...
AAR: Weekly rail traffic continues to register gains
The Association of American Railroads (AAR) reported on January 20 that weekly rail traffic continues to register gains in 2011 with U.S. railroads originating 282,987 carloads, up 7.5 percent compared with the same week in 2010, for the week ending Jan. 15, 2011....
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