Archive for March 22, 2018
Union Pacific CFO sells $3.4 million in company stock
(Source: The Lincolnian, March 21, 2018) NEW Y ORK — Union Pacific Co. CFO Robert M. Knight, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the transaction, the chief…
Read MoreFRA: PTC operating on 56 percent of freight route miles
(Source: Progressive Railroading, March 21, 2018) Positive train control (PTC) systems are operating on about 56 percent of freight railroads’ route miles that are required to be governed by PTC systems, up from 45 percent in third-quarter 2017 and 16 percent on Dec. 31, 2016, the Federal Railroad Administration announced yesterday. Full story: Progressive Railroading Thursday,…
Read MoreBLET General Committees sue to halt BNSF abrogation of contracts
INDEPENDENCE, Ohio, March 20 — Three BLET General Committees of Adjustment (GCAs) on BNSF Railway filed suit yesterday in the United States District Court for the District of Colorado to stop BNSF’s unilateral consolidation of road freight service between Denver and Cheyenne, La Junta, Pueblo, Sterling, and Trinidad; and between Trinidad and Denver/Texline. As part…
Read More