Tag: CSX

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 […]

Canadian regulators propose more detailed requirements for reporting railroad performance metrics

By Bill Stephens for trains.com Railroads would have to report local service data as well as locomotive and crew availability Class I railroads operating in Canada would be required to report additional performance and staffing metrics under a proposal Canadian regulators unveiled on Friday. Transport Canada’s move was announced on the same day that the Surface Transportation […]

STB to Require Four Class Is to Submit Plans on How to Fix Service Crisis

By Justin Franz for railfan.com The U.S. Surface Transportation Board announced Friday that all seven Class I railroads will have to submit reports on rail service, performance and employment, and four of them will need to provide plans on how they will get service back on track.  The request for more information and transparency comes […]

What’s Next For Class I Railroads After That Tense STB Hearing?

By Justin Franz for railfan.com After a fiery two-day hearing in Washington D.C., about the ongoing Class I service crisis, many in and out of the rail industry are asking “What’s next?”  After receiving an avalanche of complaints from shippers and railroaders about the state of rail service, the U.S. Surface Transportation Board demanded that […]

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

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