Rail Industry News
Hoffa: Teamsters will work with president-elect Trump on worker issues
(Source: International Brotherhood of Teamsters press release, November 10, 2016) WASHINGTON, D.C. — The following is a statement from Teamsters General President James P. Hoffa about the election of Donald J. Trump as the 45th President of the United States: “On...
Amtrak backs off huge rent increases for several Astoria residents
(Source: Times Ledger, November 10, 2016) QUEENS, N.Y. — The Paratore family and other residents of the Ditmars section of Astoria are breathing a sigh of relief after Amtrak decided to temporarily halt any further actions or negotiations regarding properties many...
UP increasing train speed limit through Modesto
(Source: Union Pacific press release, November 9, 2016) ROSEVILLE, Calif. — Recent track upgrades meeting or exceeding all applicable Federal Railroad Administration standards will allow Union Pacific Railroad to increase train speed from 40 mph to 60 mph on...
Amtrak, Niagara Falls OK deal on city’s new rail station
(Source: Buffalo News, November 9, 2016) NIAGARA FALLS, N.Y. — The Amtrak Train Station in Niagara Falls is finally official with the announcement on Wednesday that a lease agreement is in place. Full story: Buffalo News
CSX president Gooden sells $500,000 in company stock
(Source: Baseball News Source, November 9, 2016) NEW YORK — CSX Corp. President Clarence W. Gooden sold 15,625 shares of CSX Corp. stock in a transaction on Monday, November 7. The stock was sold at an average price of $32.00, for a total value of $500,000.00....
CTA worker awarded $2.5 million in train crash caused by cop chasing cyclist
(Source: Chicago Tribune, November 9, 2016) CHICAGO — The city of Chicago must pay almost $2.5 million to a CTA train operator who was injured after a police car chasing a bicyclist crashed into a Brown Line train, a jury found. Chicago police Officer Charlotte...
CSX COO lowers expectations for 4Q 2016
(Source: Reuters, November 9, 2016) NEW YORK — CSX’s Chief Operating Officer (COO) expects the company’s earnings per share (EPS) to be down about 8 percent during the fourth quarter of 2016. Full story: Reuters
Higher wages continue to win at ballot box
(Source: International Brotherhood of Teamsters press release, November 9, 2016) WASHINGTON, D.C. — Yesterday was good news for workers seeking higher wages. Voters in four states approved ballot initiatives that will raise the wage floor, continuing a successful push...
Why KCS shares plunged 14% on November 9
(Source: Motley Fool, November 9, 2016) NEW YORK — Shares of railroad Kansas City Southern fell as much as 14.3% today after the election shook up companies tied to trade. As of 3 p.m. EST shares were down 10.6%. There's concern in the market that the U.S. will begin...
KCS unsure what will happen under Trump’s NAFTA policy
(Source: Business Journal of Kansas City, November 9, 2016) KANSAS CITY, Mo. — The CEO of Kansas City Southern said questions about how a Donald Trump administration's views about the North American Free Trade Agreement might affect the company aren’t new, though the...
CP Rail, TCRC at odds over worker fatigue
(Source: Calgary Herald, November 9, 2016) CALGARY — Canadian Pacific Railway is butting heads with one of its unions over its workplace fatigue practices, saying its efforts to bring predictable schedules and mandatory time-off periods to employees are being...
TCRC is a leader in fatigue management
(Source: Teamsters Canada Rail Conference (TCRC) press release, November 9, 2016) OTTAWA — The Teamsters Canada Rail Conference (TCRC), which represents 12,000 workers in the rail industry, publically released its Fatigue Risk Guiding Philosophy for the Railway...
Railroad Retirement benefits will increase in 2017
(Source: Railroad Retirement Board press release, October 21, 2016) CHICAGO — Most railroad retirement annuities, like social security benefits, are scheduled to increase slightly in January 2017 on the basis of the rise in the Consumer Price Index (CPI) from the...
Railroad retiree earnings limits to rise in 2017
(Source: Railroad Retirement Board press release, October 21, 2016) CHICAGO — Railroad retirement annuitants subject to earnings restrictions can earn more in 2017 without having their benefits reduced as a result of increases in earnings limits indexed to average...
Teamsters: ‘Court-shopping’ fuels effort to overturn pro-worker labor rule
(Source: International Brotherhood of Teamsters press release, November 8, 2016) WASHINGTON, D.C. — It’s called court-shopping. If you don’t like a law or a federal rule, find a “friendly” federal judge to overturn it – and it doesn’t matter where. That’s what...
NS EVP and CEO Stewart sells $190,000 in company stock
(Source: www.whatsonthorold.com, November 9, 2016) NEW YORK — The EVP-Finance and CFO of Norfolk Southern Corp, Marta Stewart, has made an unexpected deal in the Pinksheet-listed Norfolk Southern Corp that is having a worth of $190,364. As published in the U.S....
Teamsters vote to strike UCLA on November 16
(Source: Teamsters Local 2010 press release, November 3, 2016) LOS ANGELES, Calif. — On Thursday, November 3, our UCLA electricians, elevator mechanics, plumbers, facilities workers, and other skilled trades workers, overwhelmingly voted (96%) to strike over the...
KCS, Union Pacific brace for fallout after Trump election
(Source: Bloomberg, November 9, 2016) WASHINGTON, D.C. — Trump campaigned on vows to build a wall along the southern border, deport millions of Hispanic immigrants, dismantle the North American Free Trade Agreement and ignite a trade war with Mexico. That doesn’t bode...
Donald Trump is elected president in stunning repudiation of the establishment
(Source: New York Times, November 9, 2016) NEW YORK — Donald John Trump was elected the 45th president of the United States on Tuesday in a stunning culmination of an explosive, populist and polarizing campaign that took relentless aim at the institutions and...
Editorial: Trains key to I-75 traffic plan
(Source: Ocala Star Banner editorial, November 4, 2016) OCALA, Fla. — Drive Interstate 75 between the Hernando-Pasco county line and the Florida Turnpike and you’ll see that the Florida Department of Transportation is in the middle of a long overdue expansion of the...
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