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Rail Industry News

RRB issuing statements of service

(The U.S. Railroad Retirement Board issued the following on May 29, 2010.) CHICAGO — Each year, the U.S. Railroad Retirement Board (RRB) prepares a “Certificate of Service Months and Compensation” (Form BA-6) for every railroad employee who received creditable...

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Amtrak ‘misled’ Congress on finances

(The following story by Jim McElhatton appeared on the Washington Times website on June 1, 2010.) WASHINGTON, D.C. — When Amtrak assured Congress it was on a "glide path" to free itself of federal subsidies early last decade, a handful of top executives secretly had...

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BLET National Division office closed for Memorial Day

CLEVELAND, May 28 — In observance of the Memorial Day holiday, the BLET National Division office will be closed on Monday, May 31. Normal office hours will resume on Tuesday, June 1. BLET National President Paul Sorrow extended best wishes for a safe and happy holiday...

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TCU-represented carmen, clerks ratify Amtrak agreement

(The following appeared on the Progressive Railroading website on May 27, 2010.) Carmen and clerical members of the Amtrak Service Workers Council (ASWC) recently ratified a new five-year agreement with Amtrak. Carmen voted 493-431 and clerks voted 983-407 in favor of...

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Analyst upgrades shares of CP Rail stock

(Reuters circulated the following on May 25, 2010.) NEW YORK — Desjardins Securities upgraded Canadian Pacific Railway Ltd. to "buy" from "hold," and said rail fundamentals remained strong with volumes continuing to recover. Desjardins analyst Benoit Poirier said the...

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Railroad shares up at the close of May 27 trading

(The Associated Press circulated the following on May 26, 2010.) NEW YORK — Shares of some top railroads companies were up at the close of trading: CSX rose $.58 or 1.2 percent, to $50.82. Canadian National rose $.82 or 1.5 percent, to $56.81. Canadian Pacific rose...

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Mica expects transport bill in January

(The following story by R.G. Edmonson appeared on The Journal of Commerce website on May 26, 2010.) WASHINGTON, D.C. — The senior Republican on the House Transportation and Infrastructure Committee said Tuesday he expects Congress will take up a comprehensive surface...

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