Archive for December 2021
Senators seek study of potential Northwest passenger-rail service
(Source: Progressive Railroading 12/22/21) A bipartisan group of U.S. senators representing the greater Northwest region this week called on the Federal Railroad Administration (FRA) and the U.S. Department of Transportation to establish a Greater Northwest Working Group for the purpose of working toward the restoration and enhancement of passenger-rail service across the region. The lawmakers, led by Sen. Jon…
Read MoreQ&A: Reporting events than can affect Railroad Retirement benefits
(Source: Railroad Retirement Board press release, December 2, 2021) CHICAGO — Rights to benefits under the Railroad Retirement Act also carry responsibilities for reporting events that may affect the payment of these benefits to the employee or to members of the employee’s family. If these events are not reported to an RRB field office, benefit overpayments…
Read MoreCP, KCS close into voting trust
(Source: Canadian Pacific Railway press release, December 14, 2021) CALGARY — Canadian Pacific Railway Limited (“CP”) today announced the completion of its acquisition of Kansas City Southern (“KCS”). The transaction represents an enterprise value of approximately US$31 billion. KCS stockholders will receive 2.884 CP common shares and US$90 in cash for each share of KCS…
Read MoreNS to STB: “Service levels do not meet our customers’ or our expectations”
(Source: Railway Age, December 13, 2021) NEW YORK — In a Nov. 23 letter submitted to NS Chairman and CEO James A. Squires (who has since transferred his President role to Shaw), STB Chairman Oberman wrote that NS’s recent key operating metrics “are hovering far below 2019 comparables.” For the second reporting week of November…
Read More2022 Hoffa scholarship application process now open
INDEPENDENCE, Ohio, December 13 — BLET members and their families are advised that the James R. Hoffa Memorial Scholarship Fund has begun accepting applications for the 2022 award year. The Fund awards financial scholarships to the sons, daughters and financial dependents of Teamster members. Academic awards in the amount of $1,000 or $10,000 are awarded…
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