By JOSH FUNK for the Associated Press OMAHA, Neb. (AP) — An appeals court has rejected the Trump administration’s decision to drop a proposal to require freight trains to have at least two crew members, a plan that was drafted after several fiery crude oil train derailments. The ruling Tuesday from the 9th U.S. Circuit Court […]
By David Shepardson for wkzo.com WASHINGTON (Reuters) – The Trump administration said on Thursday it was allocating $25 billion in emergency funding grants to public transportation systems facing a massive falloff in demand due to the coronavirus pandemic. The U.S. Federal Transit Administration (FTA) funds, including $5.4 billion for the New York City area, were […]
Written by Frank N. Wilner, Capitol Hill Contributing Editor for railwayage.com The year was 1917, and on Dec. 18, President Woodrow Wilson invoked the Army Appropriations Act of 1916 to take federal control of the nation’s railroads. The U.S. had entered World War I that April, and a lack of coordination among railroads, along with labor strife, […]
Improving roads, bridges and rails is popular. But it’s also almost impossible to do. Before railroads bound the nation together, they tore America apart. This fact is easily missed today, as America celebrates the 150th anniversary of the Transcontinental Railroad and contemplates yet another vast building project. Whether commemorating past railways or anticipating future development, […]
By Robert Baillieul for incomeinvestors.com Union Pacific Corporation Hikes Dividend 10%. Are More Coming? Wall Street has fretted this summer over trade tensions, a looming business slowdown, and a possible war with Iran. But Union Pacific Corporation (NYSE:UNP), it appears, may have missed the memo. Last month, management boosted the railroad’s quarterly dividend 10% to $0.97 per […]
By Stephen Culp Reuters for unionleader.com Results from two major U.S. railroads this week are likely to attract more scrutiny than usual as investors look for signs of how deeply President Donald Trump’s multi-front trade war is affecting freight companies and the wider economy. Among those reporting as the second quarter earnings season kicks off […]
The White House has pulled an Obama era proposal that would have mandated two crew members in most locomotives, and it has banned states from requiring railroads to do so. The proposal had been stalled by the Office of Management and Budget under President Barack Obama, and by top Department of Transportation officials, who said […]
WRITTEN BY Andrew Brunton for marketrealist.com US railroad stocks fell sharply on May 31 on concerns of business disruptions due to the US President Donald Trump’s threat of imposing a new tariff on imported goods from Mexico. On May 30, the US President tweeted that all goods imported from Mexico will be slapped with a […]
In a recent release Transportation Trades Department AFL-CIO (TTD), of which TCU is a member, President Larry I. Willis, issues this statement in response to a deal reached between Congress and Trump to re-open the government for three weeks: “While we are pleased 800,000 federal workers and their families will get a temporary reprieve from […]
President Donald J. Trump today announced his intent to nominate the following individuals to key positions in his Administration: Johnathan Bragg of Virginia, to be a Member of the Railroad Retirement Board as Employee Representative, for the remainder of a five-year term expiring August 28, 2019, and an additional five-year term expiring August 28, 2024. […]