Posts by William Wallace
UP’s Q2 profit drops 19 percent on lower volumes
From Progressive Railroading Union Pacific Corp. reported today its second-quarter 2016 profit fell to $979 million, or $1.17 per diluted share, compared with $1.2 billion, or $1.38 per diluted share, in second-quarter 2015. Operating revenue declined 12 percent to $4.8 billion, while operating income fell 15 percent to $1.7 billion compared with last year’s Q2…
Read MoreBLET testifies for two-person crews at FRA hearing
INDEPENDENCE, Ohio, July 18 — The Brotherhood of Locomotive Engineers and Trainmen (BLET) testified in favor of two-person train crews at a hearing convened by the Federal Railroad Administration (FRA) on July 15, 2016, regarding the FRA’s Notice of Proposed Rulemaking (NPRM) on train crew size. Vice President and National Legislative Representative John P. Tolman…
Read MoreFeds weigh minimum train crew sizes
(Source: The Hill, July 15, 2016) WASHINGTON, D.C. — The Federal Railroad Administration is considering a rule that would require most trains to have a minimum number of crew members. Full story: The Hill Monday, July 18, 2016
Read MoreFeds seek new rules to mitigate oil train derailments
(Source: The Hill, July 14, 2016) WASHINGTON, D.C. — Federal regulators are proposing new rules aimed at mitigating the effects of derailments, spills and explosions of oil trains. Full story: The Hill Friday, July 15, 2016
Read MoreRRB Issuing Statements of Service
From RRB Press Release (PR 16-3 May 2016) Each year, the U.S. Railroad Retirement Board (RRB) prepares a “Certificate of Service Months and Compensation” (Form BA-6) for every railroad employee who had creditable railroad compensation in the previous calendar year. The RRB will mail the forms to employees during the first half of June. While…
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