BLET News

United Auto Workers open tense labor talks with Ford, GM, Fiat, Chrysler

(Source: CNBC, July 15, 2019)  DEARBORN, Mich. — Billions of dollars in investments and the viability of the U.S. auto industry are on the line this year as the Big Three Detroit automakers kick off negotiations with the United Auto Workers union with a ceremonial handshake at Ford’s headquarters Monday. The talks are expected to…

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Class-action lawsuit targets Blackjewel LLC

(Source: Gillette News Record, July 9, 2019)  GILLETTE, Wyo. — A Gillette employee of Blackjewel LLC has filed a class-action lawsuit against the coal mining company, claiming it failed to give its 1,700 employees proper notice or pay wages and other benefits earned before and after Blackjewel filed for bankruptcy then abruptly shut its mines…

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Union Pacific reports Q2 2019 results

(Source: Union Pacific press release, July 18, 2019)  OMAHA, Neb. — Union Pacific Corporation today reported 2019 second quarter net income of $1.6 billion, or $2.22 per diluted share. This compares to $1.5 billion, or $1.98 per diluted share, in the second quarter 2018. Second Quarter Results • Diluted earnings per share of $2.22 increased 12…

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AAR reports rail traffic for week ending July 6, 2019

(Source: Association of American Railroads press release, July 10, 2019)  WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 6, 2019. For this week, total U.S. weekly rail traffic was 448,459 carloads and intermodal units, down 7.5 percent compared with the same week last year. Total…

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