Category: Secretary & Treasurer
SMART TD announces Treasurer’s Workshop for April 2017
SMART Transportation Division will be conducting a Treasurer’s Workshop at the SMART TD Headquarters located in North Olmsted, Ohio, April 25-27, 2017. Attendance will be limited to 35 registrants. Attendees will be accepted on a first-come basis. Those interested in at [...]
Class I’s release 4th quarter & 2016 annual earnings
4th Quarter 2016 Net Earnings: $458 million or $0.49 per share, up from $466 million or $0.48 per share in 2015’s 4th quarter Revenue: Increased by 9 percent to $3,037 billion Operating Income: Increased to $1 billion over last year’s $791 million Operating Ratio: [...]
Railroad Retirement and Unemployment Insurance Taxes in 2017
The amounts of compensation subject to railroad retirement tier I and tier II payroll taxes will increase in 2017, while the tax rates on employers and employees will stay the same. In addition, unemployment insurance contribution rates paid by railroad employers will continu [...]
VSTD benefits increase for bus and rail members
The Board of Trustees is pleased to announce the following changes to the Voluntary Short Term Disability (VSTD) plans for bus and rail members, effective January 1, 2017: VSTD changes for bus members For Bus Members, the maximum weekly VSTD benefit will increase from [...]
NLRB: Trump violating federal labor laws
The National Labor Relation Board just ruled that Trump’s refusal to bargain with the 500+ unionized employees at the Trump International Hotel in Las Vegas is in violation of federal labor laws. Read the complete article here.
Back to basics
By John Lesniewski, Vice President, SMART Transportation Division In the July/August edition of the SMART Transportation Division News, both SMART General President Joseph Sellers and SMART Transportation Division President John Previsich wrote extensively about the importanc [...]Class I’s release 3rd Quarter 2016 earnings
Net Earnings: $455 million or $0.48 per share; down from $507 million or $0.52 per share Revenue: Declined 8 percent Operating Income: Declined 10 percent to $841 million Operating Ratio: Increased 70 basis points to 69.0 percent Click here to read CSX’s full earnings r [...]
SMART leads coalition to stop CSX from removing MI track signals
On Friday, October 14, 2016, SMART Union united with the Brotherhood of Locomotive Engineers and Trainmen (BLET), Brotherhood of Maintenance of Way Employees Division (BMWED) and the Brotherhood of Railroad Signalmen (BRS), in a joint statement to the Federal Railroad Adminis [...]