Archive for May 6, 2021
BLET to mark 158th anniversary on May 8
INDEPENDENCE, Ohio, May 6 – On May 8, the Brotherhood of Locomotive Engineers and Trainmen (BLET) will mark its 158th anniversary. The union was founded as the Brotherhood of the Footboard on May 8, 1863. In 1864, the union changed its name to Brotherhood of Locomotive Engineers (BLE), the name it retained for 140 years…
Read MoreAAR: Many rail traffic categories have recovered from pandemic’s impact
(Source: Progressive Railroading 05/06/2021) A number of rail commodity traffic categories have “completely recovered” ground lost during the COVID-19 pandemic, according to the Association of American Railroads (AAR). Combined U.S. carload and intermodal originations in April were 2,125,792, up 29.1 percent, or 478,818 carloads and intermodal units from April 2020, according to AAR data. Seventeen…
Read MoreUP seeks operating ratio of 55%
(Source: Railway Age, May 5, 2021) NEW YORK — At Union Pacific’s Investor Day, where achievements in operational efficiency, benefits of PSR implementation, shareholder returns and financial outlook were discussed, management predicted that the railroad will achieve a 55% OR (operating ratio) by 2022. As a result, Cowen and Company modestly adjusted its 2022 assumptions.…
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