Archive for November 21, 2019
North American freight railroads post another traffic decline
(Source: Progressive Railroading 11/21/2019) U.S. freight railroads logged another traffic plunge in the week ending Nov. 16, with volumes down 8.4 percent to 501,249 carloads and intermodal units compared with the same week last year, according to Association of American Railroads‘ (AAR) data. Total U.S. carloads fell 8.9 percent to 239,647 units during the week, while intermodal…
Read MoreCN calls for binding arbitration to settle strike, Alberta calls on Trudeau to intervene
(Source: Progressive Railroading 11/21/2019) In its first public statement since more than 3,000 of its train conductors and rail-yard workers went on strike earlier this week, CN today advocated for voluntary binding arbitration to help settle the collective bargaining impasse between the Class I and the Teamsters Canada Rail Conference (TCRC-CTY). In a statement posted on the company’s website, CN President and Chief…
Read MoreKCS COO Songer sells $973,652 in company stock
(Source: Financial Stocks Daily, November 21, 2019) NEW YORK — COO Jeffrey M. Songer sold 6,304 shares of the company’s stock in a transaction on Monday, November 18. The stock was sold at an average price of $154.45, for a total transaction of $973,652.80. Following the completion of the transaction, the chief operating officer now…
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