How businesses created pensions to thwart unions

Buried in the $1.1 trillion spending bill that President Barack Obama signed into law is a provision that would allow the benefits of retired truckers, construction workers and others who contributed to so-called multi-employer pensions to be cut for the first time. This chan [...]

BLET, SMART–TD, four others to bargain together

CLEVELAND, Dec. 17 — Top leaders of the Transportation Division of the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART–TD) and the Brotherhood of Locomotive Engineers and Trainmen (BLET) announced today that their organizations will be pa [...]

Metra, railroads push project to untangle rail corridor

Metra and freight railroad industry representatives on Friday called for a $1 billion project intended to untangle a snarl of railroad tracks that causes major problems for Chicago commuters and commerce. The project, known as the 75th Street Corridor Improvement Project, wou [...]

Budget bill sets Jan. deadline for rule on oil tank cars

Hidden away in Congress’ big spending bill, designed to fund the federal government through FY 2015, are stern marching orders to the U.S. Department of Transportation: Deliver a final rule for new, safer oil tank car design standards by Jan. 15, 2015, and require that all ra [...]

Can oil price declines end railroads' bull run?

Crude oil hit its five year low price on Monday, Dec. 8, under pressure from growing production in the U.S. and the unwillingness of the Organization of Petroleum Exporting Countries to cut production. West Texas Intermediate, the U.S. crude benchmark, declined 4.3 percent to [...]