General Information
BLET, SMART-TD members protest outside of BNSF shareholder meeting in Omaha
(Source: SMART Transportation Division press release, April 30, 2022) OMAHA, Neb. — While Berkshire Hathaway shareholders sat April 30 in comfort and national cable-news networks live-streamed and deified wealth hoarder Warren Buffett and his executive cronies at the company’s annual meeting, BNSF railroad workers, as always, were out in the elements doing the hard things…
Read MoreU.S. rail volumes tumbled in Week 15
(Source: Progressive Railroading 04/21/2022) U.S. rail traffic was off in both the carload and intermodal categories for the week ending April 16 compared with the same week in 2021, according to the Association of American Railroads (AAR) data. Total carloads for the week fell 6.8% to 221,228 units, while intermodal volume dropped 9.2% to 268,573 containers and…
Read MoreUP revenue, income rose in Q1, but operating performance missed expectations
(Source: Progressive Railroading 04/21/2022) Union Pacific Railroad today reported revenue growth drove first-quarter records for operating revenue, operating income, net income and earnings per share. The Class I posted first-quarter 2022 net income of $1.6 billion, or $2.57 per diluted share, compared with net income of $1.3 billion, or $2 per diluted share, in the same…
Read MoreBLET wins in court over Union Pacific’s antiunion tactics
INDEPENDENCE, Ohio, April 14 — The Brotherhood of Locomotive Engineers and Trainmen (BLET) secured a major court victory over the Union Pacific Railroad (UP) on April 13 as the U.S. Court of Appeals for the 5th Circuit upheld a district court’s 2021 ruling granting the BLET a preliminary injunction stopping the railroads’ indefinite suspension of…
Read MoreUnion Pacific says track congestion hurting ability to meet demand
(Source: Reuters, April 21, 2022) OMAHA, Neb. — Union Pacific Corp. said on Thursday congestion on tracks was hurting its ability to meet shipping demand even as price hikes helped the U.S. railroad operator top market expectations for quarterly results. Total operating revenue in the quarter rose to $5.86 billion, from $5 billion last year. Full…
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