Tag: BNSF

Major railroad posts record earnings, spends more on share repurchases than on its employees

By Chris Isidore, for cnn.com Union Pacific, one of the major freight railroads that successfully fought off union demands for paid sick days for workers during contentious labor negotiations in 2022, reported another year of record earnings Tuesday. The company, along with CSX, Norfolk Southern and Burlington Northern Sante Fe, narrowly avoided a strike by its unionized workers […]

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 […]

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. […]

STB chair doesn’t hold back at RailTrends, blasts railroads for deep personnel cuts

Oberman: While railroads are warning about a lockout or strike, their deep reductions in staff have brought about a mini-shutdown  By John Kingston for freightwaves.com The chairman of the federal Surface Transportation Board got up Wednesday in front of a room full of railroad executives, analysts and customers and ripped the industry to shreds. At […]

U.S. railroads, union extend strike deadline until at least Dec. 4 

By David Shepardson for reuters.com   A group representing major railroads and a union that voted to reject a new contract said Wednesday they had agreed to extend a potential strike deadline until at least Dec. 4. The National Carriers’ Conference Committee (NCCC) and the International Brotherhood of Teamsters (BMWED) that represents 11,000 workers extended the […]

Railroads back plan calling for 24% raises, but workers wary

Courtesy of the Associated Press The major freight railroads signaled they’re ready to negotiate a new deal with their workers based on a presidential report that calls for 24% raises, but the 12 unions involved in the stalled talks covering 115,000 workers still haven’t commented on the recommendations. The group that represents BNSF, Union Pacific, Norfolk […]

How Wall Street holds railroads hostage: Analysis

By Bill Stephens for trains.com 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: […]

BNSF changes controversial attendance policy

After hundreds of railroaders quit, BNSF has modified its new attendance policy effective June 1. Union detractors remain unmoved. by Justin Franz for montanafreepress.org Montana’s largest railroad company is making changes to a controversial new employee attendance policy after receiving pushback from railroaders and unions. But even with the changes, labor officials remain unimpressed and […]

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