BLET News
RRB not investing in questionable Chinese companies
INDEPENDENCE, Ohio, July 15 — The U.S. Railroad Retirement Board (RRB) advised the White House on July 8 that it is not investing railroad workers’ money in questionable companies headquartered in the People’s Republic of China. On July 7, the Chairman of the RRB received a letter from White House officials expressing concerns over the…
Read MoreRail car manufacturer Greenbrier scales down during pandemic
(Source: Freight Waves, July 13, 2020) CHATTANOOGA, Tenn. — Railcar manufacturer and lessor Greenbrier (NYSE: GBX) has cut its North American workforce by 40%, limited its production capacity and idled manufacturing at its flagship facility in Oregon, all to survive the storm brought about by the coronavirus pandemic and the recession. Full story: Freight Waves Tuesday,…
Read MoreU.S. shale oil output to fall in August
(Source: S&P Global Platts, July 13, 2020) HOUSTON — U.S. shale oil production will fall to 7.49 million b/d in August, down 56,000 b/d from July and the lowest in two years, the US Energy Information Administration said July 13. Full story: S&P Global Platts Tuesday, July 14, 2020
Read MoreIntermodal volume props up U.S. rail traffic
(Source: Freight Waves, July 9, 2020) CHATTANOOGA, Tenn. — A 7.7% increase in weekly intermodal traffic gave U.S. rail traffic its smallest year-over-year decline in months. U.S. rail traffic for the week ending July Fourth totaled 437,989 carloads and intermodal units, a 2.4% drop from the same period in 2019, according to the Association of…
Read MoreAppropriations bill would block Amtrak service reductions
(Rail Passengers Association press release, July 8, 2020) WASHINGTON, D.C. — House appropriators with jurisdiction over transportation programs gave Rail Passengers another significant victory today, releasing a draft Fiscal 2021 proposal boosting regular Amtrak appropriations, setting aside at least $26 billion in additional emergency grant funds for Amtrak and public transportation, and tying the money to…
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