Union Pacific earnings for the third quarter 2010 soared by 51 percent from the third quarter 2009, the railroad told investors Oct. 21. UP told Wall Street analysts it was the company’s most profitable quarter ever. In reporting the record earnings, UP Chairman Jim You [...]
WASHINGTON – The U.S. Surface Transportation Board says it will hold a hearing Dec. 9 to review certain exemptions from economic regulation afforded railroads – specifically, commodity exemptions, boxcar exemptions and intermodal trailer and container exemptions. The exemptio [...]
Rail freight loadings continue to show improvement, reports the AAR in releasing carloading data for the week ending Oct. 16. Total U.S. carloadings increased by more than 10 percent over the same week in 2009. Intermodal loadings were up by more than 15 percent over the comp [...]
Amtrak reported Oct. 21 that Chief Operating Officer Bill Crosbie is leaving Amtrak immediately, and the position of chief operating officer is being abolished. Amtrak President Joseph Boardman, in an employee advisory, said the vice presidents of the operating departments w [...]
As the recession takes its toll, an increased rail safety threat is emerging – the theft of rail spikes and tie plates from active railroad lines. In Woodbine, N.J., last week, police arrested four men suspected of stealing spikes and tie plates from five miles of New Jersey [...]
Train and engine employment continues to climb back toward pre-recession levels, with Class I railroads continuing to call back furloughed train crews. The Surface Transportation Board posted data for September, showing train and engine employment on Class I railroads grew al [...]
UTU Michigan State Legislative Director Jerry Gibson knows the value of the UTU PAC in electing labor friendly lawmakers. He knows how to share those facts, also. UTU Local 1075 Secretary-Treasurer John Purcell says he and other members of his Trenton, Mich., local had “no cl [...]
Union Pacific is at it again — and the UTU and the Brotherhood of Locomotive Engineers and Trainmen intend to stop it, again. The “it” is a UP request to the Federal Railroad Administration that UP be allowed to bring trains from Mexico into the United State [...]
Norfolk Southern has launched a new advertising program that will debut on CNN and Fox television. It follows the announcement by Union Pacific last week of a new UP advertising effort to reach potential rail customers and rail investors. The NS ad, according to the railroad, [...]
WASHINGTON – U.S. Surface Transportation Board member Charles “Chip” Nottingham said he will not seek reappointment when his term expires Dec. 31. Under federal law, STB members may continue serving for up to 12 months after expiration of their term, or until a su [...]
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