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Rail Industry News

Q&A: RRB financial reports

As required by law, the Railroad Retirement Board (RRB) submits annual financial reports to Congress on the financial condition of the railroad retirement and railroad unemployment insurance systems. These reports must include recommendations for any financing changes that may be advisable to ensure the solvency of the systems. In June, the RRB submitted its financial reports on the railroad retirement and railroad unemployment insurance systems.

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CP reports Q2 2022 financial results

Canadian Pacific Railway Limited today announced its second-quarter 2022 results, including revenues of $2.20 billion, reported operating ratio (“OR”) of 60.6 percent, adjusted OR1 of 59.7 percent, reported diluted earnings per share (“EPS”) of $0.82 and core adjusted diluted EPS1 of $0.95.

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CN reports Q2 2022 financial results

CN today reported its financial and operating results for the second quarter ended June 30, 2022. Financial performance improved year-over-year with record adjusted diluted earnings per share (EPS) of C$1.93, up 30%. (1) For the same period, the Company reported diluted EPS up 32% to C$1.92.

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BLET News

Veterans Day 2021

By Dennis R. Pierce BLET National President INDEPENDENCE, Ohio, November 11 — On this Veterans Day, we are proud and humbled to honor our veterans and pay tribute to their sacrifices that have made our country free and strong. Veterans Day is an important day of...

Pierce reelected CRLO Chairman

BLET National President Dennis R. Pierce was reelected by acclamation as Chairman of the Cooperating Railway Labor Organizations (CRLO) during October 28’s CRLO business meeting. The CRLO is a group of 12 Rail Labor unions that sit together to oversee the collectively...

Eric Gabaldon, Brendan Sullivan join BLET National Legislative Office

INDEPENDENCE, Ohio, November 2 — BLET National President Dennis R. Pierce today announced that he has appointed two BLET members to serve in key roles at the Union’s National Legislative Office in Washington, D.C. Brother Eric A. Gabaldon of Division 400 (Albuquerque,...

Cunningham reelected BNSF (former ATSF) General Chairman

Brother M. Robby Cunningham was reelected by acclamation to his second term as General Chairman of the Burlington Northern Santa Fe (former ATSF) General Committee of Adjustment at the GCA’s quadrennial meeting in San Diego, California, October 4-7, 2021. 

Unions counter Norfolk Southern COVID vaccine mandate

On October 29, 2021, the Transportation Division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART-TD) and the Brotherhood of Locomotive Engineers and Trainmen (BLET) responded to the suit Norfolk Southern Railway (NS) filed against them on October 21, 2021, in the United States District Court for the Northern District of Illinois, Chicago Division.

Unions file for injunctions against NS

The BLET and the SMART–TD escalated their fight against Norfolk Southern Railway (NS) to stop the railroad from forcing locomotive engineers to work as conductors, and for disciplining those who don’t.

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