Archive for January 2020

INDEPENDENCE, Ohio, January 22 — Each year, the BLET National Division compiles a list of scholarship opportunities available to the children of BLET members. Numerous financial aid opportunities are published here in the 2020 BLET Scholarship Directory. The scholarship opportunities vary widely. The following comprehensive list provides members and their families with contact information for…

INDEPENDENCE, Ohio, January 20 — The BLET National Division has launched a new webpage — https://www.ble-t.org/negotiations2019 — to provide important information to affected members regarding the current round of National Negotiations. The webpage provides members with access to PDF copies of Section 6 notices served by the BLET, as well as those served by the railroad companies…

(Source: Progressive Railroading, January 17, 2020) U.S. House Transportation and Infrastructure Committee Chairman Peter DeFazio (D-Ore.) yesterday questioned whether the nation’s four largest Class Is are committed to combating climate change. Full story: Progressive Railroading Monday, January 20, 2020

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Eastern railroad CSX expects its annual revenue to be flat to 2% lower in 2020 amid a systemic decline in coal volumes and an industrial economy that might take some time to improve, company executives said Thursday during CSX’s fourth-quarter earnings call. Full story: Freight Waves Monday,…

(Source: Freight Waves, January 17, 2020) CHATTANOOGA, Tenn. — Net profit for Kansas City Southern slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products. Fourth-quarter net income was $127.2 million, or $1.30 diluted earnings per share,…