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CSX has cut workforce by 3,700 so far in 2017

(Source: Progressive Railroading, September 13, 2017) CSX Corp. has eliminated 2,700 jobs so far this year, as the Class I works through its transition to a more efficient operating plan, Chief Financial Officer Frank Lonegro told investors at a conference last week. Full story: Progressive Railroading Thursday, September 14, 2017

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RRB Q&A: Deemed service month credits

(Source: Railroad Retirement Board press release, August 31, 2017) CHICAGO — Railroad retirement benefits are based on months of service and earnings credits. Earnings are creditable up to certain annual maximums on the amount of compensation subject to railroad retirement taxes. Credit for a month of railroad service is earned for every month in which an…

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