Archive for March 2, 2018

Federal income tax and Railroad Retirement benefits

(Source: Railroad Retirement Board press release, February 23, 2018) CHICAGO — The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement beneficiaries needing information about these statements, or about tax withholding from their benefits, should contact an office of the RRB.…

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STB modifies ex parte communications

(Source: Railway Age 03/01/2018) Written by William C. Vantuono, Editor-in-Chief The Surface Transportation Board has updated its long-standing rules on ex parte communications. The modified regulations will permit ex parte communications, subject to disclosure requirements, in informal rulemaking proceedings, and also clarify when and how interested persons may communicate informally with the Board regarding pending proceedings other than…

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CSX sticks with plan to cut jobs, reduce trains

(Source: Reuters, March 1, 2018) NEW YORK — U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and would also slash capital spending. Full story: Reuters Friday, March 2, 2018

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