BLET News
Commentary: When will PSR-driven volume and service growth emerge?
(Source: Freight Waves opinion column by Jim Blaze, May 4, 2020) CHATTANOOGA, Tenn. — This week’s strategic question is “What are the bold new benefits shippers can expect now that the freight railways are super-efficient?” Full story: Freight Waves Monday, May 4, 2020
Read MoreWarren Buffett’s Berkshire swings to massive $50 billion net loss
(Source: Reuters, May 2, 2020) OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share,…
Read MoreUnion Pacific lays off De Soto car shop employees
(Source: My Leader Paper, May 1, 2020) FESTUS, Mo. — The Union Pacific railroad car shops in De Soto, one of the oldest and largest employers in Jefferson County, informed its hundreds of employees Thursday afternoon (April 30) that they were being laid off, effective immediately but subject to a potential recall on June 1,…
Read MoreTeamsters: It’s time to protect working America from debt
(Source: International Brotherhood of Teamsters press release, April 30, 2020) WASHINGTON, D.C. — Millions of workers are finding themselves in pinch right now, out of a job with bills to pay. The coronavirus has not only disrupted their livelihoods, it has left their futures up in the air. It seems uncertainty is their only certainty. How…
Read MoreNorth Dakota legislators call on feds to OK Bakken crude shipments to Washington state
(Source: Natural Gas Intelligencer, April 30, 2020) STERLING, Va. — Armed with a report from the U.S. Department of Energy (DOE), North Dakota officials on Tuesday urged federal officials to overturn Washington state’s ban that prevents Bakken Shale crude from being shipped by rail into the state. Full story: Natural Gas Intelligencer Friday, May 1, 2020
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