General Information
Hoffa: Teamsters back bipartisan House legislation to repeal “Cadillac Tax”
(Source: International Brotherhood of Teamsters press release, January 24, 2019) WASHINGTON, D.C. — The following is a statement from Teamsters General President Jim Hoffa about legislation reintroduced by Reps. Joe Courtney (D-Conn.) and Mike Kelly (R-Pa.) that would repeal the 40 percent excise tax on comprehensive health insurance plans included in the Affordable Care Act (ACA),…
Read MoreHedge fund Mantle Ridge sells $305 million in CSX stock
(Source: Barron’s, January 25, 2019) NEW YORK — Mantle Ridge, a hedge fund that is a large shareholder of railroad CSX, sold $305 million of the stock this week. Full story: Barron’s Monday, January 28, 2019
Read MoreU.S. rail traffic climbed in Week 3
(Source: Progressive Railroading 01/24/2019) U.S. rail traffic continued to trend in railroads’ favor during the week ending Jan. 19, with a 6.9 percent increase in carloads and intermodal units compared with year-ago volume, according to Association of American Railroads (AAR) data. Railroads’ carload traffic increased 7.4 percent to 258,833 units, while intermodal volume climbed 6.5 percent to…
Read MoreJury awards $13.1 million to man hit by BNSF train in 2012
(Source: Grand Forks Herald, January 23, 2019) MINOT, N.D. — A jury awarded a South Carolina man approximately $13.1 million last week in his lawsuit against BNSF Railway, said one of his lawyers. David Rentz, of Buford, S.C., was driving an 18-wheeler that was hit by an oncoming train at a rural railroad crossing outside…
Read MoreUP workforce reduction hits Bailey Yard
(Source: North Platte Telegraph, January 24, 2019) NORTH PLATTE, Neb. — Union Pacific announced more layoffs in North Platte’s Bailey Yard this week. On Tuesday, an undisclosed number of employees were laid off under the railroad company’s Unified Plan 2020. Full story: North Platte Telegraph Thursday, January 24, 2019
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