General Information
Union Pacific CFO sells $3.4 million in company stock
(Source: The Lincolnian, March 21, 2018) NEW Y ORK — Union Pacific Co. CFO Robert M. Knight, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the transaction, the chief…
Read MoreFRA: PTC operating on 56 percent of freight route miles
(Source: Progressive Railroading, March 21, 2018) Positive train control (PTC) systems are operating on about 56 percent of freight railroads’ route miles that are required to be governed by PTC systems, up from 45 percent in third-quarter 2017 and 16 percent on Dec. 31, 2016, the Federal Railroad Administration announced yesterday. Full story: Progressive Railroading Thursday,…
Read MoreBLET General Committees sue to halt BNSF abrogation of contracts
INDEPENDENCE, Ohio, March 20 — Three BLET General Committees of Adjustment (GCAs) on BNSF Railway filed suit yesterday in the United States District Court for the District of Colorado to stop BNSF’s unilateral consolidation of road freight service between Denver and Cheyenne, La Junta, Pueblo, Sterling, and Trinidad; and between Trinidad and Denver/Texline. As part…
Read MoreSTB seeks Class Is’ response to rail service complaints
(Source: Progressive Railroading 03/20/2018) The Surface Transportation Board (STB) is asking all Class Is to send the board their service outlooks for 2018. The request, which the board sent to all Class I executives last week, was made in response to concerns the board has received from two major rail shipper associations about deteriorating service. “In recent…
Read More2018 BLET National Division Officer Elections: Documents & Forms
Pursuant to Section 48 of the National Division Bylaws, the National Secretary-Treasurer is charged with supervising the election of National Division officers. The duties of the National Secretary-Treasurer shall include the supervision of all phases of the National Division officer election in accordance with the BLET Bylaws, the IBT Constitution, and applicable federal law. To…
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