Archive for October 2020
Intermodal volume gain drives U.S. rail traffic increase in Week 43
(Source: Progressive Railroading 10/29/2020) As has been the case in recent weeks, intermodal volume gains helped lift traffic totals for U.S. freight railroads during the week ending Oct. 24 compared with the same week a year ago, according to Association of American Railroads (AAR) data. U.S. railroads logged 522,653 carloads and intermodal units, a 1.9% percent increase…
Read MoreBLET’s John Tolman retires; Vince Verna is new Vice President & National Legislative Representative
INDEPENDENCE, Ohio, October 30 — After a distinguished railroad career that began nearly 50 years ago, BLET Vice President & National Legislative Representative John P. Tolman will retire on November 4, 2020. His alternate, Vincent G. Verna, will succeed to his place on the BLET Advisory Board effective November 5, 2020. “It would be trite…
Read MoreOpen enrollment for 2021 Health FSA ends October 31
INDEPENDENCE, Ohio, October 28 — Open enrollment for the Health Flexible Spending Account Plan (FSA) 2021 benefit will end on October 31, 2020. Members must enroll in the Health FSA every year — FSA enrollment is not automatic each year so interested members should act soon so they do not miss out on enrollment for…
Read MoreU.S. freight-rail traffic up slightly in Week 42
(Source: Progressive Railroading 10/22/2020) U.S. freight-rail traffic rose 2.2% to 518,763 carloads, containers and trailers for the week ending Oct. 17 compared with the same week in 2019, according to Association of American Railroads (AAR) data. Total carloads for the week fell 7.5% to 226,828 units, while intermodal volume climbed 11.3% to 291,935 containers and trailers. Four…
Read MoreUP revenue, earnings fall in Q3, but operating ratio improves
(Source: Progressive Railroading 10/22/2020) Union Pacific Railroad today reported third-quarter 2020 net income decreased 12% to $1.4 billion, or $2.01 per diluted share, from $1.6 billion, or $2.22 per diluted share, in the same quarter last year. Operating revenue in the quarter fell 11% to $4.9 billion from a year ago. Third-quarter business volumes, as measured…
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