Posts by William Wallace
UP CEO calls steel and aluminum tariffs ‘troubling in a number of ways’
(Source: New Orleans Advocate, March 2, 2018) NEW ORLEANS — The Trump administration’s plan to levy tariffs on steel and aluminum imports is “troubling in a number of ways” and almost certainly would send ripples through Louisiana’s economy, the head of Union Pacific Railroad said at a World Trade Center reception in New Orleans. Full…
Read MoreFederal tax cut windfall doesn’t mean immediate hiring, UP CEO says
(Source: Omaha World-Herald, March 3, 2018) OMAHA, Neb. —While the Union Pacific benefited from the recent changes to federal tax law, Chief Executive Lance Fritz said that alone won’t push him to add jobs now. Full story: Omaha World-Herald Monday, March 5, 2018
Read MoreFederal income tax and Railroad Retirement benefits
(Source: Railroad Retirement Board press release, February 23, 2018) CHICAGO — The following questions and answers describe the tax statements issued by the Railroad Retirement Board (RRB) each January for Federal income tax purposes. Railroad retirement beneficiaries needing information about these statements, or about tax withholding from their benefits, should contact an office of the RRB.…
Read MoreSTB modifies ex parte communications
(Source: Railway Age 03/01/2018) Written by William C. Vantuono, Editor-in-Chief The Surface Transportation Board has updated its long-standing rules on ex parte communications. The modified regulations will permit ex parte communications, subject to disclosure requirements, in informal rulemaking proceedings, and also clarify when and how interested persons may communicate informally with the Board regarding pending proceedings other than…
Read MoreCSX sticks with plan to cut jobs, reduce trains
(Source: Reuters, March 1, 2018) NEW YORK — U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and would also slash capital spending. Full story: Reuters Friday, March 2, 2018
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