Category: Uncategorized

The Averted National Rail Strike Is a Parable of Contemporary American Capitalism

Railroads are prioritizing payments to Wall Street stockholders over everything else, including serving the public interest. By John Cassidy for newyorker.com In our click-driven world, the threatened strike at America’s freight railroads, and President Biden’s intervention to prevent it, represents last week’s news. But there are two groups for which the averted strike is still […]

Why America’s Railroads Refuse to Give Their Workers Paid Leave

By Eric Levitz for nymag.com For months, the world’s largest economy has been teetering on the brink of collapse because America’s latter-day robber barons can’t comprehend that workers sometimes get sick. Or so the behavior of major U.S. rail companies seems to suggest. Since last winter, railroad unions and the managers of America’s seven dominant freight-rail carriers have […]

House passes legislation to avert a rail shutdown

By Kristin Wilson, Paul LeBlanc and Clare Foran, CNN amp.cnn.com Washington(CNN)The House on Wednesday approved legislation to avert a rail shutdown following a grave warning from President Joe Biden about the economic danger posed by congressional inaction.  By a 290 to 137 vote, the House passed the tentative rail agreement that will prevent a rail strike. The vote […]

Inside Biden’s decision to halt a rail strike

Months of talks have failed to end the impasse between unions and freight railroads. And a GOP-led House looms in January. By BEN WHITE for politico.com President Joe Biden knew he would be risking a backlash from his labor allies if he stepped in to head off a holiday-season rail strike. But the dangers a strike […]

Rail strike threat recedes as Congress prepares to impose unpopular contract on unions

By Chris Isidore, CNN Business amp.cnn.com The threat of a freight railroad strike that had been building in recent weeks receded quickly after President Joe Biden and Democratic leaders in Congress agreed late Monday to support legislation that would block a walk-out by more than 100,000 union members set for the end of next week.  The move relieved […]

GOP rep says Congress won’t allow potential rail strike: ‘Failure is not an option here’

BY BRAD DRESS for thehill.com Rep. Brian Fitzpatrick (R-Pa.) on Sunday said Congress will not let a national railroad workers strike hurt the U.S. economy. Fitzpatrick told “Fox News Sunday” anchor Jennifer Griffin that negotiations are ongoing between railroad unions and companies, so “congressional intervention is a last resort.” But if negotiations fail, Congress “will not let this […]

‘Grave urgency’: Over 400 business groups plead with Congress to prevent rail strike

By Matt Egan for amp.cnn.com More than 400 business groups are calling on Congressional leaders to be prepared to prevent a freight rail strike that could start causing chaos in the economy as early as next week. “No one wins when the railroads stop running,” the business groups led by the Chamber of Commerce wrote in a Monday […]

Union Pacific CEO called to hearing in Washington as risk of rail strike rises

By Lori Ann LaRocco for cnbc.com KEY POINTS  The Surface and Transportation Board is calling Union Pacific management including CEO Lance Fritz to appear at hearings December 13-14 about the freight railroad’s use of embargoes. The STB, an independent federal agency with oversight of surface transportation, wants to question Fritz and other Union Pacific top executives about […]

Large rail union SMART-TD votes to reject labor deal as national strike moves closer

By Lori Ann LaRocco for cnbc.com KEY POINTS  SMART-TD, one of the largest railroad labor unions, voted down the tentative agreement with rail management, raising the likelihood of a strike in December. The BLET, the other largest union which represents engineers, voted to ratify the labor deal but said it will honor the picket line. […]

On this day in history, Nov. 18, 1883, North American railroads create time zones, reshape global life

Brazen effort to bring sanity to cross-continental rail travel governs many aspects of life today By Kerry J. Byrne for foxnews.com American and Canadian railroads enacted time zones — a concept that schedules all aspects of life today — on this day in history, Nov. 18, 1883.  The rail industry’s creation of time zones was a brazen attempt […]

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