General Information
U.S railroads report traffic decrease in Week 10
(Source: Progressive Railroading 03/17/2022) U.S. railroads logged a 4.7% decrease in volumes for the week ending March 12 compared with the same period in 2021, according to Association of American Railroads (AAR) data. Total U.S. carloads added up to 232,388 units, a slight increase of 0.9%, while intermodal volume fell 9.1% to 263,746 containers and trailers. Volume…
Read MoreQ&A: Longevity of Railroad Retirement beneficiaries
(Source: Railroad Retirement Board press release, February 17, 2022) CHICAGO — Every three years, the Railroad Retirement Board’s Chief Actuary conducts a study of the longevity of its annuitants, as part of a valuation of future revenues and benefit payments. These studies consider male and female age and service annuitants, disability annuitants, and spouse and survivor…
Read MoreRailroads and shippers argue over reciprocal switching proposal
(Source: Trains Magazine, March 16, 2022) WASHINGTON, D.C. — Railroads and shipper groups squared off over a proposed reciprocal switching rule during a daylong Surface Transportation Board hearing on Tuesday, with railroads warning of dire operational consequences and sole-served shippers saying they needed relief from high rates and poor service. Full story: Trains Magazine
Read MoreCP will lock out 3,000 engineers and conductors if they don’t have a deal with TCRC by Sunday
(Source: Canadian Press, March 17, 2022) CALGARY — Close to 3,000 employees of the Canadian Pacific Railway could be off the job early Sunday morning. Calgary-based CP Rail said in a release Wednesday that it has issued 72-hour notice to the Teamsters Canada Rail Conference of its plan to lock out employees at 00:01 eastern…
Read MoreNorth American Class I rail carriers slammed for profiteering from congestion crisis
(Source: The Load Star, March 14, 2022) LONDON — The large North American railways cannot shake off accusations of profiteering from supply chain congestion. Like ocean carriers, they have allegedly raised and imposed demurrage fees to boost profits. Full story: The Load Star
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