Month: June 2022

Railroad bosses’ profit-making tactics lower safety standards, raise dangers

BY MARK GRUENBERG for Working conditions, and labor-management negotiations between the unions representing the nation’s freight rail workers and railroad bosses, are getting steadily worse, reports from the bargaining table and congressional testimony show. And that’s important because the nation’s four big Class I freight railroads move bulk cargoes from oil to cars to […]

How Wall Street holds railroads hostage: Analysis

By Bill Stephens for Focus on operating ratio inhibits volume growth, hurts service, and prevents share gain from highway The U.S. Class I railroads’ recurring crew shortages, related bouts of service problems, and a lack of meaningful volume growth are intertwined. You can lay the blame for all three problems at just one place: […]

For House Rail Subcommittee, an Earful on Safety

Written by Marybeth Luczak, Executive Editor for “Examining Freight Rail Safety” was the theme of a June 14 hearing of the House Committee on Transportation and Infrastructure, Subcommittee on Railroads, Pipelines, and Hazardous Materials. The aim: for members “to hear from government and stakeholder witnesses about the state of freight rail safety and issues […]

Railroad talks stall, so Biden likely to pick review board

By JOSH FUNK for Railroad contract talks remain deadlocked after more than two years of negotiations, so President Joe Biden will likely soon have to appoint a board to help settle the dispute. The National Mediation Board determined Tuesday that mediation isn’t working in the joint talks that cover roughly 140,000 workers in 13 unions at […]

NMB Starts Clock Toward Rail Shutdown

Written by Frank N. Wilner, Capitol Hill Contributing Editor for The National Mediation Board (NMB) on June 14 set in motion a ticking time bomb toward an economy-jolting national railroad shutdown within 90 days, its two Democratic members agreeing with rail labor—and over the remonstrance of carriers and the NMB’s lone Republican—that a voluntary […]

Statement from The United Rail Unions

The United Rail Unions issued the following statement on June 15, 2022: Following the conclusion of our third week of compulsory mediation conducted by the National Mediation Board (NMB), the Rail Unions who are bargaining as part of the Coordinated Bargaining Coalition and the Brotherhood of Maintenance of Way/SMART Mechanical Coalition pursuant to Section 5 […]

Regulators scold railroads over recovery plans, order improvements

By Union Pacific draws strongest criticism from STB for insufficient filing; fines possible The Surface Transportation Board, making clear its unhappiness with service recovery plans filed by the four largest U.S. Class I railroads, will require those railroads to correct deficiencies in service recovery plans submitted to the board, and to provide additional information […]

Third week of NMB sessions concludes; unions again call for proffer of arbitration

The United Rail Unions issued the following statement June 9, 2022: The rail unions who are bargaining as part of the Coordinated Bargaining Coalition (CBC) and the Brotherhood of Maintenance of Way/SMART Mechanical Coalition concluded their third week of compulsory joint National Mediation Board-mediated negotiations with the National Carriers’ Conference Committee (NCCC) yesterday. These joint […]

Cost pressures prompt Union Pacific to reduce financial outlook

By Bill Stephens for Railroad faces rising costs from record fuel prices, overall inflation, and congestion Union Pacific has lowered its financial expectations for this year in light of rising fuel prices, inflation, and the impact of its sluggish operations. It’s now unlikely that UP will reach an operating ratio of around 55% for […]

Data reported to federal regulators reveal extent of deterioration in rail service

On-time performance of big four U.S. systems tumbles compared to before the pandemic By By Bill Stephens for Overall on-time performance for the big four U.S. Class I railroads has fallen from a pre-pandemic average of 85% to just 67% in the last week of May 2022, as crew shortages continue to plague rail […]

Auto and Homeowner’s Insurance Program for TCU/IAM members!

TCU/IAM members take advantage of discounted activities with Union Plus!

  • Up to 25% on Car Rentals with Avis, Budget, Hertz, Dollar, Thrifty and Payless
  • Book flights and hotels together and save with Expedia
  • Tours and restaurant discounts
  • Discounts for water/theme parks, concerts and sporting events tickets
  • Save up to 24% on movie theater eTickets

Start Your Savings Here!

June 2022