Archive for April 2022
CBC Unions reject lump-sum offers, seek proffer of arbitration
The Coordinated Bargaining Coalition released the following statement on April 25, 2022: On January 24, 2022, after more than two years of bargaining with the major U.S. Class I railroads, the 10 Rail Unions bargaining as part of the Coordinated Bargaining Coalition (CBC) announced that they had applied to the National Mediation Board (NMB) for…
Read MoreBLET National Division files comments for STB hearing, Vice President Mark Wallace to testify
INDEPENDENCE, Ohio, April 25 — On Friday, April 22, 2022, the BLET National Division submitted written comments in advance of the upcoming Surface Transportation Board (STB) hearing scheduled for April 26 and 27, 2022. The in-person hearing, titled “Urgent Issues in Freight Rail Service,” will begin at 9:30 a.m. EDT on Tuesday, April 26, and…
Read MoreU.S. rail volumes tumbled in Week 15
(Source: Progressive Railroading 04/21/2022) U.S. rail traffic was off in both the carload and intermodal categories for the week ending April 16 compared with the same week in 2021, according to the Association of American Railroads (AAR) data. Total carloads for the week fell 6.8% to 221,228 units, while intermodal volume dropped 9.2% to 268,573 containers and…
Read MoreUP revenue, income rose in Q1, but operating performance missed expectations
(Source: Progressive Railroading 04/21/2022) Union Pacific Railroad today reported revenue growth drove first-quarter records for operating revenue, operating income, net income and earnings per share. The Class I posted first-quarter 2022 net income of $1.6 billion, or $2.57 per diluted share, compared with net income of $1.3 billion, or $2 per diluted share, in the same…
Read MoreBLET wins in court over Union Pacific’s antiunion tactics
INDEPENDENCE, Ohio, April 14 — The Brotherhood of Locomotive Engineers and Trainmen (BLET) secured a major court victory over the Union Pacific Railroad (UP) on April 13 as the U.S. Court of Appeals for the 5th Circuit upheld a district court’s 2021 ruling granting the BLET a preliminary injunction stopping the railroads’ indefinite suspension of…
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