Rail Industry News
When Sears flourished, so did workers: with Amazon, it’s more complicated
(Source: New York Times, October 25, 2018) NEW YORK — Half a century ago, a typical Sears salesman could walk out of the store at retirement with a nest egg worth well over a million in today’s dollars, feathered with company stock. A warehouse worker hired now at...
UP laying off 475, cutting 200 contract jobs
(Source: Associated Press, October 24, 2018) OMAHA, Neb. — Union Pacific will lay off 475 railroad workers and eliminate another 200 contract jobs by the end of the year to further reduce its expenses. Full story: www.ktiv.com
A cautionary tale of oil by rail: the Lac-Megantic disaster five years later
(Source: The Narwhal, October 24, 2018) NEW YORK — It’s now been half a decade since the catastrophic Lac-Mégantic rail disaster in southern Quebec. On the night of July 6, 2013, a runaway train carrying shale oil from North Dakota exploded, killing 47 people and...
CN vies for crude-hauling crown
(Source: Bloomberg, October 24, 2018) MONTREAL — Canadian National Railway Co. expects to set a record for crude-by-rail shipments next year as it vies with Canadian Pacific Railway Ltd. to dominate a booming market for the alternative to pipelines. Crude oil...
Canadian farm groups fear crude by rail proposal could hurt country’s grain exports
(Source: Calgary Herald, October 24, 2018) CALGARY — Still smarting from last year’s grain backlog, Alberta farm groups say Premier Rachel Notley’s suggestion that the federal government invest in crude-by-rail capacity could make it even harder to get their crops to...
Canada has an ‘obligation’ to step in and fund oil by rail, industry advocate says
(Source: CBC News, October 24, 2018) OTTAWA — Canada's inability to get oil and gas to global markets has put the country in crisis and the federal government has an "obligation" to intervene by investing in oil by rail, says the head of an industry lobby group. Full...
NJ Transit fast-tracks locomotive engineer training
(Source: Progressive Railroading, October 24, 2018) New Jersey Transit last week began a new accelerated training course as part of an effort to address a shortage of locomotive engineers. Full story: Progressive Railroading
Norfolk Southern to adopt scheduled railroading operating principles
(Source: Trains, October 24, 2018) Norfolk Southern will adopt Precision Scheduled Railroading principles as it develops a new operating plan that aims to produce better service at lower cost. The decision, announced today, comes a month after Union Pacific said it,...
RRB: Sequestration rate adjusted, affected benefits to rise
(Source: Railroad Retirement Board press release, September 30, 2018) CHICAGO — Starting October 1, 2018, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 6.2 percent, down from the current 6.6 percent...
NS declares quarterly dividend
(Source: Norfolk Southern press release, October 23, 2018) NORFOLK, Va. — Norfolk Southern Corporation today announced the regular quarterly dividend of 80 cents per share on its common stock, payable on Dec. 10 to shareholders of record on Nov. 2. Since its inception...
9th Circuit: Employers must foot the bill for post-offer follow-up medical exams
(Source: JD Supra, October 23, 2018) NEW YORK — The Ninth Circuit recently sided with the Equal Employment Opportunity Commission (“EEOC”), holding that employers can’t require applicants to pay for follow-up post-offer medical exams. Specifically, in EEOC v. BNSF...
CN Rail tops profit estimates on higher crude shipments in Q3 2018
(Source: Reuters, October 24, 2018) NEW YORK — Canadian National Railway Co reported a better-than-expected third-quarter profit on Tuesday as the railroad shipped higher volumes of crude and grains. Full story: Reuters
In Texas, a bullet train to the future
(Source: Curbed/Texas Tribune, October 24, 2018) HOUSTON, Texas — A high-speed rail line between Houston and Dallas represents the collision of two things Texans hold dear: private property rights and an unrestrained free market Full story: Curbed
More than 21,000 Canadian oil tankers to become obsolete in November
(Source: Business in Vancouver, October 23, 2018) VANCOUVER, B.C. — The discount on Canadian crude oil hit a record last week – about US$50 per barrel – due in part to severe pipeline constraints that have forced more oil to move by rail. To address safety concerns...
Teamsters Joint Council 71 and allies continue Hurricane Michael relief efforts
(Source: International Brotherhood of Teamsters press release, October 23, 2018) TALLAHASSEE, Fla. — Following the devastation of Hurricane Michael, Teamsters Joint Council 75 is working the Florida AFL-CIO, the American Red Cross and a variety of other organizations...
RPA urges Amtrak to bolster national rail network
(Source: Transportation Today, October 23, 2018) WASHINGTON, D.C. — The Rail Passengers Association’s (RPA) leadership is calling upon Amtrak management to grow and improve the national rail network. RPA is urging Amtrak to address three priorities – more trains,...
Is Amtrak becoming like the airlines?
(Source: USA Today, October 24, 2018) WASHINGTON, D.C. — For years I’ve been traveling to the nation’s capital to represent airline passengers before Congress, the Department of Transportation and the Federal Aviation Administration. And I often get there by train....
Mission Coal files for bankruptcy: 5th coal company in 3 years
(Source: Moneywatch, October 17, 2018) NEW YORK — A Tennessee coal mining company that filed for bankruptcy this week is the second coal company to go bankrupt during Donald Trump's pro-coal presidency. It's also the fifth U.S. coal industry bankruptcy in the last...
Union Pacific to cut 475 jobs in first wave of planned reductions
(Source: Reuters, October 23, 2018) NEW YORK — Railroad operator Union Pacific Corp said on Tuesday it would cut 475 jobs in the fourth quarter and signaled more workforce reductions to come as it seeks to boost profitability by the end of 2020. Full story: Reuters
CN reports Q3 2018 financial results
(Source: CN press release, October 23, 2018) MONTREAL — CN today reported its financial and operating results for the third quarter ended Sept. 30, 2018. Financial results highlights Third-quarter 2018 compared to third-quarter 2017 • Net income increased by 18 per...
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