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Rail Industry News

KCS’s Q4 2020 net income rises 30%

(Source: Freight Waves, January 22, 2021) CHATTANOOG, Tenn. — Kansas City Southern’s net profit for the fourth quarter of 2020 rose 30% over a year ago despite a 5% decline in revenue. Fourth-quarter 2020 net income was $165.7 million, or $1.80 per diluted share,...

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KCS eyes lower operating ratio

(Source: Freight Waves, January 23, 2021) CHATTANOOGA, Tenn. — Kansas City Southern expects to execute the third phase of its version of precision scheduled railroading (PSR) this year in a bid to lower the company’s operating ratio (OR) to the mid-50s by 2022. Full...

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KCS projecting double-digit growth in 2021

(Source: Trains.com, January 22, 2021) KANSAS CITY. Mo. — Kansas City Southern, which reported fourth-quarter and full-year earnings growth today, expects revenue to grow at least 11% this year as cross-border petroleum and intermodal traffic continue to soar. Full...

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Coronavirus challenges CSX’s Q4 2020

(Source: Freight Waves, January 22, 2021) CHATTANOOGA, Tenn. — CSX is not only eyeing a volume recovery in 2021 but also a recovery from the coronavirus among its workforce. As COVID-19 cases spiked after Thanksgiving across the U.S., so too did the number of CSX...

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Coronavirus infections hit KCS operations in Mexico

(Source: Trains.com, January 22, 2021) KANSAS CITY, Mo. — The coronavirus pandemic has hit Kansas City Southern de Mexico particularly hard, with up to 15% of the railroad’s train crews out on leave due to COVID-19. On a typical day, about 5% of train crews systemwide...

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What’s on rail operator KCS’s Mexico agenda

(Source: BN Americas, January 21, 2021) NEWARK, Del. — After investing US$167 million in its Mexican network last year, railway operator Kansas City Southern (KCS) will keep focusing on capacity projects this year. Full story: www.bnamericas.com

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Oberman to chair STB

(Source: Railway Age, January 22, 2021) NEW YORK — Martin J. Oberman was designated Chairman of the Surface Transportation Board (STB) on Jan. 21 by President Joe Biden. He was sworn in as an STB member on Jan. 22, 2019, and has held the Vice Chairman position since...

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CSX reports Q4 2020 financial results

(Source: CSX press release, January 21, 2021) JACKSONVILLE, Fla. — CSX Corp. today announced fourth quarter 2020 net earnings of $760 million, or $0.99 per share. These results include a charge of $48 million, or $0.05 per share after-tax, related to the early...

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KCS to help develop Texas logistics park

(Source: Kansas City Southern press release, January 20, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas,...

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BLET News

BLET leaders press NTSB on safety concerns

Top BLET leaders took advantage of a two-day session on railroad safety this week to bring key safety issues for locomotive engineers and trainmen to the attention to the National Transportation Safety Board (NTSB), which is the transportation industry’s primary accident investigation body.

2013 BLET Scholarship Directory

Each year, the BLET National Division compiles a list of scholarship opportunities available to the children of BLET members. Numerous financial aid opportunities are published here in the 2013 BLET Scholarship Directory.

Teamsters offer disaster relief assistance in Mississippi

The Teamsters Disaster Relief Fund is accepting applications for assistance from members who live in Mississippi after severe storms, tornadoes and flooding caused major damage to homes and property on February 10, 2013.

Call Congress on Valentine’s Day: Tell members to stop heartless cuts

This Thursday, February 14th, we encourage Local Unions, Joint Councils, and your members to join in the national call-in day to tell Congress to have a heart and reject any cuts to Social Security, Medicare, and Medicaid, as well as the across-the-board cuts affecting working families that will take place under sequestration.

Rail Conference pushes for stronger whistleblower protections

Representatives from the Teamsters Rail Conference supported improved whistleblower protections for railroad workers during the final week of January when they spoke before the Whistleblower Protection Advisory Committee in Washington, D.C.

Day of Action planned for Wednesday, January 30

All BLET members are being urged to participate in a Day of Action on Wednesday, January 30, to let Congress know that we do not support cuts to Railroad Retirement, Social Security, Medicare and education.

Update from BLET Tax Compliance department

Internal Revenue Service regulations require the BLET National Division to inform its members that a certain portion of your National Division dues are not tax deductible as a miscellaneous itemized deduction on your personal tax returns.

OSHA hits ‘home run’ for rail workers

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) announced today that the agency has signed an accord with BNSF Railway Co. (BNSF), under which the railroad has agreed to voluntarily revise several personnel policies that OSHA alleged violated the whistleblower protection provisions of the Federal Railroad Safety Act (FRSA) and discouraged workers from reporting on-the-job injuries.

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