Rail Industry News
UP, BNSF offer bonuses up to $25,000 to fill critical positions
(Source: Lincoln Journal Star, April 23, 2018) LINCOLN, Neb. — Omaha-based Union Pacific is offering signing bonuses as high as $15,000 for diesel mechanics, $20,000 for train crew positions and up to $25,000 for diesel electricians in North Platte, home to UP's...
Indiana Supreme Court to consider case about railroad fines
(Source: Associated Press, April 24, 2018) INDIANAPOLIS, Ind. — The Indiana Supreme Court will consider the validity of a state law allowing local governments to fine railroads when a stopped train blocks a street for more than 10 minutes. Full story: Dubois County...
STB: U.S. Class I employment steady in March
(Source: Progressive Railroading, April 23, 2018) As of mid-March, U.S. Class Is employed 145,105 workers, up 0.2 percent compared with mid-February’s level, but down 2.8 percent compared with mid-March 2017's count, according to Surface Transportation Board data....
Report: GE in talks to sell rail business to Wabtec
(Source: Progressive Railroading, April 23, 2018) General Electric Co. is in talks to sell its locomotive business to rail equipment manufacturer Wabtec Corp., Bloomberg reported late last week. GE is considering combining the GE Transportation business with Wabtec,...
CN chief Ruest speeds up spending in rush to ease congestion
(Source: Bloomberg, April 23, 2018) NEW YORK — Canadian National Railway Co.’s new boss is moving quickly to overcome service shortcomings that have curtailed profit and angered customers. Full story: www.bnn.ca
CN adjusts 2018 financial targets after net profit falls 16 percent in 1Q 2018
(Source: Ottawa Citizen, April 23, 2018) OTTAWA — Canadian National Railway Co. adjusted its end-of-year financial targets on Monday after the company’s net profit fell 16 percent in a first quarter marred by capacity constraint issues and the surprise resignation of...
CN reports Q1 2018 financial results
(Source: CN press release, April 23, 2018) TORONTO — CN today reported its financial and operating results for the first quarter ended March 31, 2018. Financial results highlights First-quarter 2018 compared to first-quarter 2017 • Net income decreased by 16 per cent...
Amtrak from California to Illinois reveals country’s beauty
(Source: St. Louis Post-Dispatch, April 21, 2018) ST. LOUIS, Mo. — The California Zephyr — 2,447 miles of exciting, often spectacular scenery from Chicago to the San Francisco Bay Area — has been called one of the most beautiful train trips in North America. Full...
Union Pacific EVP Whited sells $2 million in company stock
(Source: The Ledger Gazette, April 21, 2018) NEW YORK — Union Pacific Co. EVP Elizabeth F. Whited sold 15,576 shares of the business’s stock in a transaction that occurred on Tuesday, April 3. The stock was sold at an average price of $133.79, for a total transaction...
Rail, truck stocks have gotten cheap but trade wars a risk
(Source: Reuters, April 23, 2018) NEW YORK — Many U.S. stocks cheapened up during the first quarter’s choppy trading scene, relieving some concern investors had about lofty valuations. Many U.S. stocks cheapened up during the first quarter’s choppy trading scene,...
UP tankers carrying crude oil derail in downtown Texarkana
(Source: Texarkana Gazette, April 23, 2018) TEXARKANA — Union Pacific Railroad officials are still trying to determine what caused 12 tank cars filled with crude oil to derail at about 11:30 a.m. Sunday near the Texarkana, Texas-side viaduct. No injuries were reported...
With oil by rail poised for a comeback, will derailments follow?
(Source: DeSmog Blog, April 20, 2018) NEW YORK — As we’ve reported on DeSmog, Canada's lack of pipeline capacity to transport tar sands oil is driving a resurgence of oil by rail. Here in the U.S., the amount of oil moving by rail is also increasing. As oil production...
Unions say strike ‘inevitable’ at CP Rail
(Source: Bloomberg, April 21, 2018) NEW YORK — After agreeing at the last minute to stave off a strike, unions at Canadian Pacific Railway Ltd. are urging their members to reject the company’s offer and say it’s only a matter of time before they walk off the job. Full...
Teamsters Canada, IBEW postpone strike at CP Rail
(Source: Teamsters Canada press release, April 20, 2018) CALGARY — The Minister of Labour, on the advice of federal mediators, has agreed to Canadian Pacific’s request to order a vote on a final offer to renew their collective agreements with the Teamsters Canada Rail...
Opinion: What Trump can learn from Baltimore’s port
(Source: Baltimore Sun opinion column by Charles H. White Jr., April 19, 2018) BALTIMORE, Md. — The Trump infrastructure plan largely shifts development and financial initiatives to states, municipalities and the private sector — public-private partnerships, or “P3s.”...
MillerCoors brewery workers in Ft. Worth secure new Teamster contract
(Source: International Brotherhood of Teamsters press release, April 19, 2018) WASHINGTON, D.C. — After months of negotiations, members of Local 997 in Ft. Worth, Texas, now have a new contract with MillerCoors brewing company. The brewery production and warehouse...
Last of New York sewage sludge train cars leaves Parrish, Ala.
(Source: www.al.com, April 19, 2018) BIRMINGHAM, Ala. — The poop train is gone. Parrish, Alabama is now free of smelly containers of human waste that had been parked on railroad tracks in the small Walker County town for more than two months. Full story:...
CSX must face female engineer’s suit alleging sex, disability bias
(Source: The Indiana Lawyer, April 19, 2018) INDIANAPOLIS, Ind. — The CSX railroad lost its bid to dismiss a lawsuit filed by a fired female locomotive engineer who alleges gender and disability discrimination. The complaint also contends CSX more severely disciplined...
Strong volumes lift KCS Q1 2018 profit
(Source: Reuters, April 20, 2018) NEW YORK — Kansas City Southern, a regional U.S. railroad with large operations in Mexico, reported a higher net quarterly profit on Friday, driven by higher volumes of petroleum, consumer goods, cars, and chemicals. Full story:...
House Dems grill somnolent STB
(Source: Railway Age, April 18, 2018) NEW YORK — Were there any doubt that the Surface Transportation Board (STB) has been on siesta since the departure of former Chairman Dan Elliott in September, a House Rail Subcommittee oversight hearing April 17 confirmed the...
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