Archive for January 2019
NTSB resumes normal operations after government shutdown
(Source: National Transportation Safety Board press release, January 28, 2019) WASHINGTON, D.C. — Employees of the National Transportation Safety Board returned to work Monday, resuming normal operations and developing plans to address the work that could not be accomplished during the partial shutdown of government. Of the 397 agency staff, 367 employees were furloughed, 26 employees…
Read MoreShort-line tax credit bill introduced in Senate
(Source: Progressive Railroading 01/28/2019) A bill that would permanently extend the 45G short-line tax credit has been introduced in the Senate, the American Short Line and Regional Railroad Association(ASLRRA) announced late last week. The lead sponsors of S. 203 are U.S. Sens. Mike Crapo (R-Idaho) and Ron Wyden (D-Ore.). A nearly identical bill, H.R. 510, was introduced Jan. 11…
Read MoreHoffa: Teamsters back bipartisan House legislation to repeal “Cadillac Tax”
(Source: International Brotherhood of Teamsters press release, January 24, 2019) WASHINGTON, D.C. — The following is a statement from Teamsters General President Jim Hoffa about legislation reintroduced by Reps. Joe Courtney (D-Conn.) and Mike Kelly (R-Pa.) that would repeal the 40 percent excise tax on comprehensive health insurance plans included in the Affordable Care Act (ACA),…
Read MoreHedge fund Mantle Ridge sells $305 million in CSX stock
(Source: Barron’s, January 25, 2019) NEW YORK — Mantle Ridge, a hedge fund that is a large shareholder of railroad CSX, sold $305 million of the stock this week. Full story: Barron’s Monday, January 28, 2019
Read MoreU.S. rail traffic climbed in Week 3
(Source: Progressive Railroading 01/24/2019) U.S. rail traffic continued to trend in railroads’ favor during the week ending Jan. 19, with a 6.9 percent increase in carloads and intermodal units compared with year-ago volume, according to Association of American Railroads (AAR) data. Railroads’ carload traffic increased 7.4 percent to 258,833 units, while intermodal volume climbed 6.5 percent to…
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