Machinists Union: USMCA Won’t Stop Outsourcing of Jobs

WASHINGTON, July 1, 2020 – Robert Martinez Jr., International President of the International Association of Machinists and Aerospace Workers (IAM), issued the following statement regarding the United States-Mexico-Canada Agreement (USMCA) going into effect today: “USMCA won’t stop the hundreds of thousands of manufacturing and service jobs that are being offshored from the U.S. Contrary to this […]

Haverty Factor Fueled Rail Trade Growth

Written by Frank N. Wilner, Capitol Hill Contributing Editor for railwayage.com WATCHING WASHINGTON, RAILWAY AGE JANUARY 2020 ISSUE: When Mexico’s President Porfirio Diaz lamented more than a century ago of his nation being “so far from God and so close to the United States,” he hadn’t contemplated the North American Free Trade Agreement (NAFTA), which demonstrably […]

NAFTA 2.0 Leaves Workers Out in the Cold

The United States, Mexico and Canada recently signed the revised NAFTA 2.0, or United States-Mexico-Canada Agreement (USMCA). The deal must still be ratified by all three countries. In the United States, the pact requires congressional approval.  Machinists Union International President Robert Martinez Jr. says the deal does not go far enough to help working people […]

Freight railroads are on board with USMCA

By Jeff Berman, Group News Editor for logisticsmgmt.com There appears to be a collective sigh relief among freight railroad industry stakeholders, regardless of the agreement’s new name.   Last week, I once again had the pleasure, and good fortune to attend the Rail Trends conference in New York City, which was hosted by Progressive Railroading […]

Follow Up – KCS Petitions FRA to Perform Mechanical Inspections in Mexico

In a recent article on the TCU website it was reported that a group of bipartisan congressman wrote to DOT Secretary Chao concerning Kansas City Southern’s (KCS) petition for waiver to allow Mexican crews to preform Class III inspections on the Mexican side of the border instead of the inspections being performed by US inspectors […]

Top Railroad Stocks in Buy Range as Trump Announces Mexican Trade Deal

Top railroad stocks rallied Monday, with Kansas City Southern (KSU) jumped back into buy range and Union Pacific (UNP) still in a buy zone, after President Donald Trump announced a tentative U.S.-Mexico trade deal. That eases the risks of big tariffs vs. Mexico that could roil supply chains and rail shipments throughout North America. Trump announced […]

Union Pacific CEO says NAFTA withdrawal would be ‘disastrous’ to economy

By Chuck Raasch St. Louis Post-Dispatch Jul 12, 2018 WASHINGTON • In a sharp critique of Trump administration trade policies, the president and CEO of the Union Pacific Railroad said Thursday that withdrawal from the North American Free Trade Agreement would have a “disastrous” impact on the economy, and that President Trump’s trade war with […]

‘It’s Factory North America,’ but Trump Could Hobble It

By Ana Swanson for the nytimes.com CHICAGO — If North America were a factory, Union Pacific would be its biggest conveyor belt. Based in Omaha, the company operates the largest rail network on the continent, a conduit that provides us with cereal, lumber, car parts and pretty much everything that touches our lives. That makes […]

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November 2021