General Information
Virgin Trains USA unveils IPO
(Source: Progressive Railroading 01/31/2019) Virgin Trains USA LLC yesterday announced it’s launching an initial public offering (IPO) of 28.3 million shares of common stock per a Securities and Exchange Commission filing. The private intercity passenger-rail company in Florida — which formerly was known as Brightline — also plans to grant the underwriters a 30-day option to purchase…
Read More“Midnight Rider” case: Family of Sarah Jones reaches settlement with CSX in wrongful death case
(Source: Deadline, January 30, 2019) HOLLYWOOD, Calif. — A confidential settlement has been reached in the wrongful death civil case against CSX Transportation brought by the family of young camera assistant Sarah Jones, who was killed on the train trestle set of Midnight Rider in 2014. The settlement was revealed today by the lawyers for…
Read MoreCourt: Injured rail workers can’t sue NJ Transit under FELA
(Source: North Jersey Record, January 30, 2019) BERGEN COUNTY, N.J. — A three-judge panel of the U.S. Court of Appeals has ruled in favor of NJ Transit and against an injured employee in a case that could leave hundreds of the agency’s rail workers without legal protection if they’re injured. The 3rd Circuit, based in…
Read MoreUnion Pacific customer conversations “haven’t been easy” amid PSR transition
(Source: Supply Chain Dive, January 28, 2019) WASHINGTON, D.C. — UP executives said the railroad is committed to fully implementing precision scheduled railroading (PSR), even though conversations with customers “haven’t been easy,” CEO Lance Fritz said. Full story: Supply Chain Dive Wednesday, January 30, 2019
Read MoreFuture of BNSF’s Havelock shops uncertain; 400 workers could be affected
(Source: Lincoln Journal Star, January 29, 2019) LINCOLN, Neb. — The future of BNSF Railways’ Havelock shops appears to be up in the air. BNSF spokesman Andy Williams said in an email this week that the railroad is “working on a restructuring at Havelock,” although he declined to provide any details. Full story: Lincoln Journal Star…
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