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Rail Industry News

CSX announces 2Q 2016 earnings

(Source: CSX press release, July 13, 2016) JACKSONVILLE, Fla. — CSX Corporation today announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year. Highlights: • Delivered...

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US, Canadian freight rail regulators meet in Ottawa

(Source: Progressive Railroading, July 12, 2016) U.S. Surface Transportation Board (STB) Chairman Daniel Elliott III yesterday met with Canadian Transportation Agency (CTA) Chairman and Chief Executive Officer Scott Streiner to discuss ways the two agencies can work...

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Teamsters increase strike benefits

(Source: International Brotherhood of Teamsters press release, July 12, 2016) WASHINGTON, D.C. — International Brotherhood of Teamsters General President Jim Hoffa and General Secretary-Treasurer Ken Hall today announced that strike benefit increases approved by...

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