Archive for April 2018
Washington state panel OKs funds for rail-crossing improvements
(Source: Progressive Railroading 04/17/2018) The Washington Utilities and Transportation Commission (UTC) has approved more than $30,000 in grant funding for rail-crossing upgrades in Auburn. Auburn city officials requested the funds to improve safety at the C Street SW crossing, according to a UTC press release. The grants will be used to cover the cost to install median…
Read MoreCSX posts record first-quarter earnings
(Source: Progressive Railroading 04/18/2018) CSX Corp. yesterday announced first-quarter 2018 earnings that surpassed analysts’ estimates and a profit that nearly doubled compared with a year ago, as the Class I continued to cut costs and advance its scheduled railroading model. CSX reported record Q1 2018 net earnings of $695 million, or 78 cents per share, compared…
Read MoreTCRC gives 72-hour strike notice at CP Rail
(Source: Canadian Press, April 17, 2018) CALGARY — The union representing about 3,000 conductors and locomotive engineers at Canadian Pacific Railway Ltd. says it has formally served the company with a 72-hour notice of an intent to strike. The Teamsters Canada Rail Conference cites a lack of progress at the bargaining table but says talks…
Read MoreRRB Q&A: Comparison of benefits under Railroad Retirement and Social Security
(Source: Railroad Retirement Board press release, April 2, 2018) CHICAGO — Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act, so that railroad retirement benefits remain higher than social security benefits, especially for career employees who have 30 or more years of service. The…
Read MoreMudslide halts rail service between Seattle, Everett
(Source: Associated Press, April 16, 2018) SEATTLE — A 20-foot-wide mudslide on the BNSF Railway lines has shut down all commuter-rail service between Seattle’s King Street Station and Everett. Full story: San Francisco Chronicle Tuesday, April 17, 2018
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