BLET News

By Dennis R. PierceBLET National President INDEPENDENCE, Ohio, April 28 — Workers’ Memorial Day is a time for all workers to remember and honor those who have lost their lives in the workplace, and to stand up to protect those on the job today. April 28 was chosen for Workers Memorial Day, in part, because…

(Source: Freight Waves, April 27, 2020) CHATTANOOGA, Tenn. — North American rail volumes have fallen both week-over-week and year-over-year in the face of the coronavirus pandemic. The fall comes as nonessential businesses close up shop and consumers become less inclined to spend money in light of a likely recession. Full story: Freight Waves Tuesday, April 28,…

(Source: Railway Age, April 24, 2020) NEW YORK — Union Pacific reported an all-time best operating ratio of 59% in 2020’s first quarter, based on net income of $1.5 billion, or $2.15 per diluted share. This compares to $1.4 billion, or $1.93 per diluted share, in first-quarter 2019. “Against the backdrop of the emerging COVID-19…

(Source: Reuters, April 23, 2020) NEW YORK — U.S. railroad operator Union Pacific Corp. topped Wall Street estimates for quarterly profit on Thursday, but withdrew its full-year operating ratio and volume forecasts as business shutdowns triggered by the coronavirus crisis weigh on the U.S. economy. Full story: www.nasdaq.com Monday, April 27, 2020