Archive for March 7, 2019

China-based company hires first assembly workers at new Chicago rail car plant

(Source: Progressive Railroading, March 6, 2019)  CRRC Sifang America has hired the initial group of employees to assemble Chicago Transit Authority’s (CTA) newest 7000 Series rail cars at the $100 million rail-car manufacturing plant, the China-based company announced last week. Full story: Progressive Railroading Thursday, March 7, 2019

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Union Pacific CEO defends stock buybacks

(Source: CNBC, March 6, 2019)  NEW YORK — Stock buybacks are under attack — but they really may just be misunderstood, Union Pacific CEO Lance Fritz suggested on Wednesday. Full story: CNBC Thursday, March 7, 2019

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