Rail Industry News
Supreme Court hands win to employers in arbitration cases
(Source: National Review, May 21, 2018) WASHINGTON, D.C. — The Supreme Court said Monday that employers can prevent employees from joining together to file class-action lawsuits through arbitration clauses in their contracts, dealing a blow to organized labor and...
CSX CEO Foote buys 5,000 shares of company stock
(Source: Ledger Gazette, May 21, 2018) NEW YORK — CSX Co. CEO James M. Foote purchased 5,000 shares of the stock in a transaction on Wednesday, May 2. The shares were acquired at an average cost of $59.91 per share, with a total value of $299,550.00. Full story:...
CSX declares quarterly dividend
(Source: CSX press release, May 18, 2018) JACKSONVILLE, Fla. — On May 18, 2018, the Board of Directors of CSX Corporation approved a $0.22 per share quarterly dividend on the Company's common stock. The dividend is payable on June 15, 2018, to shareholders of record...
KCS holds annual meeting of stockholders, elects directors, declares dividends
(Source: Kansas City Southern press release, May 18, 2018) KANSAS CITY, Mo. — Kansas City Southern (KCS) held its Annual Meeting of Stockholders on May 17, 2018 in Kansas City, Missouri. With 88% of KCS’ outstanding common and preferred stock represented in person or...
VRE, Amtrak trains to run full service amid derailment cleanup
(Source: Associated Press, May 21, 2018) ALEXANDRIA, Va. — Officials say Virginia Railway Express and Amtrak will operate normal schedules while investigators determine what had caused a freight train to derail near Washington, D.C. Full story: www.usnews.com
Alton’s Amtrak station serving thousands as route improvements continue
(Source: Alton Telegraph, May 20, 2018) ALTON, Ill. — In the eight months since the Alton Regional Multi-Modal Transportation Center opened, about 15,000 Amtrak passengers have embarked from or disembarked at Alton’s more spacious, modern facility. That station, and...
Texas group fights Amtrak ticket agent cuts
(Source: Texarkana Gazette, May 21, 2018) TEXARAKAN, Texas — A Texas organization has begun to take action against Amtrak's closing ticket counters at its train stations, including Texarkana's. The ticket counter at Union Station in Texarkana was one of the latest to...
Opinion: Amtrak’s cuts to food service tells riders, “We’re making the trains NOT worth riding again”
(Source: eTurboNews opinion column by Carl Fowler, May 20, 2018) HELEIWA, Hawaii — Starting June 1, Amtrak Lakeshore Limited (the only daily service from New York and Boston to Chicago) and its Capital Limited (the only daily train from Washington to Chicago) will no...
CP Rail faces key vote deadline for two union contracts
(Source: Globe and Mail, May 20, 2018) TORONTO — Results of two contract votes ending on May 25 will signal if Canadian Pacific Railway Ltd. faces a work stoppage that would halt its freight shipments and some passenger rail traffic across Canada. Full story: Globe...
NJ Transit rush to finish PTC may worsen commute
(Source: Bloomberg, May 21, 2018) NEWARK, N.J. — New Jersey Transit commuters who thought they’d escaped another summer of canceled trains may have celebrated prematurely. Soul-sucking misery could be around the bend. Full story: Bloomberg
Wabtec and GE Transportation to merge in $11 billion deal
(Source: Bloomberg, May 21, 2018) NEW YORK — General Electric Co. Chief Executive Officer John Flannery is taking the biggest step yet in his plan to revitalize the beleaguered manufacturer, agreeing to merge its century-old locomotive business with Wabtec Corp. in a...
North American rail operators put profits before customers, claim shippers
(Source: The Loadstar, May 18, 2018) TORONTO — North American rail operators have been accused by shipper organizations of putting Wall Street analysts before customers. Shippers are frustrated by poor service and tight capacity and blame the Class One rail companies...
Blue states strike first against awaited anti-union Supreme Court ruling
(Source: Politico, May 21, 2018) WASHINGTON, D.C. — Blue state lawmakers are waging a preemptive strike against an anticipated U.S. Supreme Court decision that could decimate the power of public-sector unions across the nation. Full story: Politico
At annual meeting, CSX says it will put more resources into safety
(Source: Jacksonville Daily Record, May 18, 2018) JACKSONVILLE, Fla. — While much attention has been focused on the efficiency of CSX Corp.’s railroad since new management came in last year, CEO James Foote now is putting more resources into safety. Foote told...
Norfolk Southern COO Wheeler sells $302,660 in company stock
(Source: Week Herald, May 17, 2018) NEW YORK — Norfolk Southern COO Michael Joseph Wheeler sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16. The stock was sold at an average price of $151.33, for a total transaction of...
Sen. Manchin voices concerns about Amtrak decision to de-staff W.Va. ticket station
(Source: Charleston Gazette-Mail, May 17, 2018) CHARLESTON, W.Va. — U.S. Sen. Joe Manchin, D-W.Va., is calling on Amtrak President Richard Anderson to postpone plans to de-staff the Charleston station after June 6, saying he has “serious concerns” about criteria used...
Sen. Daines fights against Amtrak ticket agent cuts along Hi-Line
(Source: MTN News, May 17, 2018) GREAT FALLS, Mont. — During a hearing in the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies, U.S. Senator Steve Daines (R-MT) urged Amtrak officials to reconsider cutting...
Canadian National fined over $1 million for violating Canadian Environmental Protection Act
(Source: Environment and Climate Change Canada press release, May 17, 2018) MONTREAL — Canadians recognize the importance of a safe and a clean environment. Environment and Climate Change Canada's enforcement officers work to ensure that individuals comply with...
Will Indiana localities continue to be permitted to fine railroads when stopped trains block street crossings?
(Source: www.nwitimes.com, May 17, 2018) INDIANAPOLIS, Ind. — Likely every Northwest Indiana motorist has been stuck in traffic or forced to find a detour due to a stopped train blocking a rail crossing for longer than 10 minutes. Full story: www.nwitimes.com
Teamster organizers hone their craft at conference
(Source: International Brotherhood of Teamsters press release, May 17, 2018) WASHINGTON, D.C. — Teamster organizers from local unions, Joint Councils and the International Union shared ideas and strategies about building Teamster Power during an organizing conference...
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