General Information
Cruise company Carnival will buy Alaska’s White Pass & Yukon railroad
(Source: Anchorage Daily News, June 8, 2018) ANCHORAGE, Alaska — One of the world’s largest cruise companies will soon be an owner of the White Pass & Yukon Route railroad, which stretches nearly 70 miles from Skagway into Canada. Full story: Anchorage Daily News Monday, June 11, 2018
Read MoreCSX is selling six rail lines
(Source: Progressive Railroading, June 7, 2018) CSX is soliciting bids on six rail segments totaling more than 650 miles of track as part of the Class I’s continuing strategy to sell under-used assets. Full story: Progressive Railroading Friday, June 8, 2018
Read MoreAAR reports rail traffic for week ending June 2, 2018
(Source: Association of American Railroads press release, June 6, 2018) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending June 2, 2018, as well as volumes for May 2018. U.S. railroads originated 1,319,420 carloads in May 2018, up 3.2 percent, or 41,078 carloads, from May 2017. U.S.…
Read MoreRRB Q&A: Railroad Retirement age reductions
(Source: Railroad Retirement Board press release, May 31, 2018) CHICAGO — Railroad retirement benefits are subject to reduction if an employee with less than 30 years of service retires before attaining full retirement age. While employees with less than 30 years of service may still retire at age 62, the age at which full retirement benefits…
Read MoreTeamsters at UPS, UPS Freight authorize strikes, if necessary
(Source: International Brotherhood of Teamsters press release, June 5, 2018) WASHINGTON, D.C. — UPS and UPS Freight Teamsters have approved giving their respective negotiating committees the right to call a strike, if necessary. The UPS members authorized a strike, if necessary, by a 93 percent margin. At UPS Freight, the margin was 91 percent. The vote…
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