Archive for March 1, 2021
FRA issues face-mask mandate
(Source: Progressive Railroading 03/01/2021) The Federal Railroad Administration (FRA) late last week issued an emergency order that requires the wearing of face masks during all freight- and passenger-rail operations under the FRA’s jurisdiction. The order was issued to require compliance under President Biden’s recent executive order and that of the Centers for Disease Control and Prevention (CDC), which called for masks to…
Read MoreWarren Buffett again encourages investors to bet on America
(Source: Associated Press, February 27, 2021) OMAHA, Neb. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Berkshire said its fourth-quarter profits grew 23% to $35.8 billion, or $23,015 per Class A share, even though…
Read MoreKeystone XL’s death sparks rush to ship oil-sands by rail
(Source: Bloomberg, February 24, 2021) WASHINGTON, D.C. — U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks. Without Keystone XL, which was scheduled to enter service in 2023, rail is poised to become a…
Read MoreTeamsters pleased by House approval of stimulus bill containing pension reforms
(Source: International Brotherhood of Teamsters press release, February 27, 2021) WASHINGTON, D.C. — The Teamsters are applauding the House’s passage of a $1.9 trillion COVID-19 stimulus bill today that includes language granting relief to hundreds of endangered multiemployer pension plans that would protect the hard-earned retirements of more than 1 million American retirees and workers. Under…
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