Archive for January 17, 2019
AAR: All U.S. rail commodities logged gains in Week 2
(Source: Progressive Railroading 01/17/2019) U.S. railroads’ traffic shot up 8.4 percent to 555,127 carloads and intermodal units during the week ending Jan. 12 compared with volumes reported for the same period a year ago, according to Association of American Railroads (AAR) data. Carload traffic jumped 10.3 percent to 266,240 units while intermodal volume climbed 6.8 percent…
Read MoreCSX announces Q4 2018 and full year 2018 results, authorizes $5 billion share buyback
(Source: CSX press release, January 16, 2019) JACKSONVILLE, Fla. — CSX Corporation today announced fourth quarter 2018 net earnings of $843 million, or $1.01 per share, versus $4,140 million, or $4.62 per share on a GAAP basis ($0.64 on an adjusted basis) in the same period last year. Fourth quarter 2017 net earnings included a tax…
Read MoreU.S. Supreme Court rules against forced arbitration
(Source: International Brotherhood of Teamsters press release, January 15, 2019) PORT OF LOS ANGELES/LONG BEACH, Calif. — Today, the United States Supreme Court in the case New Prime Inc. v. Oliveira ruled that workers in the transportation industry cannot be forced to waive their rights through private arbitration agreements. Click the link above to read the…
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