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NCCC, BMWED extend contract cooling-off period into December

(Source: Progressive Railroading 11/10/2022) The National Carriers’ Conference Committee (NCCC) and Brotherhood of Maintenance of Way Employes Division (BMWED) yesterday agreed to extend their contract bargaining cooling-off period from Nov. 19 to at least Dec. 4. The extension eliminates the threat of a near-term freight-rail service disruption due to a BMWED job action, NCCC officials said in a press…

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Union Pacific CEO Goes Off the Rails Chasing Profits

Opinion by Thomas Black. (Source: Bloomberg.com 10/20/2022) By Thomas Black October 20, 2022 at 1:19 PM PDT Union Pacific Corp. is doubling down on its goal of boosting its operating profit margin to 45%, about 5 percentage points from where it’s running so far this year. Rising profit margins are usually a good thing; they keep…

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FRA Administrator Bose talks safety on Day 3 of BLET’s Fifth National Convention

LAS VEGAS, October 13 — “The BLET and the FRA have a shared commitment to make sure rail operations are safe,” said Amit Bose, the Administrator of the Federal Railroad Administration (FRA) in remarks to the Fifth National Convention of the Brotherhood of Locomotive Engineers and Trainmen Wednesday. With renewal of the Rail Safety Advisory…

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