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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
By David Lassen for trains.com CEO outlines ongoing crew shortages, need for changes in jobs LAKE GENEVA, Wis. — It just may be that CSX Transportation CEO Jim Foote is a bit weary of hearing about the evils of Precision Scheduled Railroading. In his customary blunt style, Foote gave that impression Tuesday when speaking to […]
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: […]
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 […]