Archive for December 2019
AAR reports traffic decline for week ending December 7, 2019
(Source: Association of American Railroads press release, December 11, 2019) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending December 7, 2019. For this week, total U.S. weekly rail traffic was 517,130 carloads and intermodal units, down 9.4 percent compared with the same week last year. Total…
Read MoreRRB Q&A: Working after retirement
(Source: Railroad Retirement Board press release, December 11, 2019) CHICAGO — Retirees, and those planning retirement, should be aware of the railroad retirement laws and rules governing benefit payments to annuitants who work after retirement. The following questions and answers describe these railroad retirement work restrictions and earnings limitations on post-retirement employment, and how these rules…
Read MoreUnion Pacific EVP Whited sells $916,794 in company stock
(Source: DFS Caller, December 11, 2019) NEW YORK — Union Pacific Co. EVP Elizabeth F. Whited sold 5,342 shares of the firm’s stock in a transaction on Monday, December 9. The stock was sold at an average price of $171.62, for a total transaction of $916,794.04. Following the sale, the Executive Vice President now owns…
Read MoreWeekly U.S. coal carloads climb 6.7% on week
(Source: S&P Global Platts, December 11, 2019) HOUSTON — Weekly U.S. coal carload originations totaled 72,402 in the week ended December 7, up 6.7% from the previous week, Association of American Railroads said Wednesday. But from the year-ago week, carloads was down 18.5%. Full story: S&P Global Platts Thursday, December 12, 2019
Read MoreBusiness CEOs throw support behind new NAFTA deal
(Source: The Hill, December 11, 2019) WASHINGTON, D.C. — An association of CEOs from major U.S. corporations officially endorsed the new U.S. trade agreement with Mexico and Canada on Wednesday and urged Congress to swiftly pass legislation to implement it. Lance Fritz, the CEO of Union Pacific, also expressed support for swift passage. Full story: The…
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