General Information
CEOs see pay soar while workers gain little
(Source: International Brotherhood of Teamsters press release, August 22, 2018) WASHINGTON, D.C. — Workers’ salaries may be stuck in limbo, but that isn’t stopping top company executives from being rewarded financially. A new report from the Economic Policy Institute (EPI) shows that compensation for chief executive officers at the top 350 publicly traded companies in the…
Read MoreBartek awarded two U.S. patents
(Source: Railway Age 08/21/2018) Written by William C. Vantuono, Editor-in-Chief The United States Patent Office has granted two patents in the area of autonomous inter-vehicle communications and collision avoidance to Peter M. Bartek, President and CEO of start-up Focused Technology Solutions, a division of The Marmon/Berkshire Hathaway Company. According to Bartek, who has lengthy experience in radio, sensor…
Read MoreHomendy takes seat as NTSB member
(Source: Progressive Railroading 08/22/2018) Jennifer Homendy was sworn in Monday as a National Transportation Safety Board(NTSB) member. The board now has all five member positions filled. The NTSB operated with four members from April 2014 to December 2017, and with three members from January to early August 2018, when Bruce Landsberg was appointed vice chairman. Homendy previously…
Read MoreNew Progressive Rail short line to lease, operate Oregon track
(Source: Progressive Railroading 08/22/2018) Progressive Rail Inc. has reached an agreement to lease an industrial lead track from Union Pacific Railroad in Clackamas, Oregon. The parties intend to consummate the proposed lease transaction on or about Aug. 31. Progressive Rail is seeking Surface Transportation Board approval to create Clackamas Valley Railway LLC (CVR) to lease and operate the 1.6-mile industrial…
Read MoreAAR reports rail traffic for week ending August 4, 2018
(Source: Association of American Railroads press release, August 8, 2018) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending August 4, 2018. For this week, total U.S. weekly rail traffic was 570,995 carloads and intermodal units, up 4.2 percent compared with the same week last year. Total…
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