Tag: pandemic

Amtrak needs $1.5 billion bailout, prepares to cut up to 20% of workforce

By David Shepardson for reuters.com U.S. passenger railroad service Amtrak said on Tuesday it needs a further $1.475 billion bailout and disclosed plans to cut its workforce by up to 20% in the coming budget year. Amtrak said it also plans to reduce its operating costs by approximately $500 million. The company, which has been […]

Commentary: How do railroads manage costs during pandemic?

North American rail managers are good at this, but 2020 might be their ultimate challenge. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  U.S. rail and trucking freight traffic is falling.  (Photo credit: Jim Allen/FreightWaves) Let’s say you are in charge […]

Auto and Homeowner’s Insurance Program for TCU/IAM members!

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

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