BLET News

Derailments raise concerns about the surge in oil trains

(Source: Toronto Star, March 11, 2019)  TORONTO — Now that so much oil is being shipped by rail from Alberta to points south and west, the sight of a crumpled freight train on the banks of the Kicking Horse River high in the Rocky Mountains has taken on a new twist. Full story: Toronto Star Tuesday,…

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Reminder: Deadline is March 31 James R. Hoffa Memorial Scholarship Fund applications

INDEPENDENCE, Ohio, March 7 — As a reminder, applications for the James R. Hoffa Memorial Scholarship Fund are due on March 31, 2019. The application process is completely online and all applications must be completed through the online portal found on the Fund’s website: www.jrhmsf.org.  There are two types of scholarship applications available: Academic Scholarships and…

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China-based company hires first assembly workers at new Chicago rail car plant

(Source: Progressive Railroading, March 6, 2019)  CRRC Sifang America has hired the initial group of employees to assemble Chicago Transit Authority’s (CTA) newest 7000 Series rail cars at the $100 million rail-car manufacturing plant, the China-based company announced last week. Full story: Progressive Railroading Thursday, March 7, 2019

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Union Pacific CEO defends stock buybacks

(Source: CNBC, March 6, 2019)  NEW YORK — Stock buybacks are under attack — but they really may just be misunderstood, Union Pacific CEO Lance Fritz suggested on Wednesday. Full story: CNBC Thursday, March 7, 2019

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More growth planned for UP-CP Can-Am corridor

(Source: Railway Age, March 4, 2019)  NEW YORK — The past two decades have been a time of steady growth for Union Pacific’s only route to the Canadian border, running from Hinkle, Ore., north through Spokane, Wash., to Eastport, Idaho. Capacity improvements performed over the past several years, and more scheduled for 2019, are evidence…

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