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Gateway chess game stalls Batory FRA confirmation

(Source: Railway Age, August 5, 2017) NEW YORK — Confirmation of career-railroader Ronald L. Batory as Federal Railroad Administrator has been delayed by New Jersey and New York’s Senate delegation—Minority Leader Charles Schumer (D-N.Y.), Kirsten Gillibrand ((D-N.Y.), Cory Booker (D-N.J.) and Robert Menendez (D-N.J.)—over what they say is concern that the federal government will not…

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Berkshire Hathaway profit falls as underwriting loss offsets BNSF gains in 2Q 2017

(Source: Reuters, August 4, 2017) NEW YORK — Warren Buffett’s Berkshire Hathaway Inc on Friday reported a 15 percent drop in second-quarter profit, as lower investment gains and a loss from insurance underwriting offset improvement in its BNSF railroad business. BNSF saw profit rise 24 percent to $958 million, helped by high single-digit percentage increases…

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Mosier OKs $2.4 million settlement with UP

(Source: Hood River News, August 1, 2017) MOSIER, Ore. — A group of Mosier officials voted Monday to accept the terms of the latest $2.4 million offer from Union Pacific Railroad, subject to further negotiations on the scope of the release provided to the railroad in return for their payment and in-kind donations. Full story: Hood…

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