Category: Washington
UP lone “revenue adequate” railroad for 2010
WASHINGTON – The U.S. Surface Transportation Board has determined that only one major railroad – Union Pacific – was “revenue adequate” in calendar year 2010. A railroad is considered “revenue adequate” if it achieves a rate of return on net investment equal to at least the c [...]
Fighting the fight for equitable transit funding
By BONNIE MORRAlternate Vice President, Bus Department As some in Congress seek to slash spending on public transit – the only affordable means for millions of Americans going to and from work – ridership is soaring. The American Public Transit Association says more than five [...]
‘We must not let the crazies turn back the clock’
Mike Futhey with Bill Lucy (For more than six decades, Bill Lucy has been a labor-union foot soldier. In 1968, as an officer of AFSCME Local 1733 in Memphis, Tenn., he collaborated with Dr. Martin Luther King Jr. during the sanitation workers’ strike, during which Dr. King wa [...]Deputy FRA administrator to depart Nov. 1
WASHINGTON – Deputy Federal Railroad Administrator Karen Rae is departing the agency Nov. 3 to rejoin the New York State government as deputy secretary of transportation in the office of New York Democratic Gov. Andrew Cuomo. Rae has been the number two to Administrator Josep [...]Former Alternate NLD Gene Plourd dead at 79
LIMERICK, Maine – Former Alternate National Legislative Director Gene Plourd (1993-1997) died Oct. 15 at age 79. Plourd, 79, born in Providence, R.I., hired out on Maine Central Railroad in December 1954, and was promoted to fireman in 1955, and engineer in 1962. Early in his [...]House bill would help restore transit service, jobs
WASHINGTON – A bi-partisan bill has been introduced in the House of Representatives to bring financial relief to distressed transit systems and to help stem cuts in transit jobs and service. Rep. Russ Carnahan (D-Mo.) and Rep. Steve Latourette (R-Ohio) have introduced H.R. 32 [...]Obama names PEB to investigate rail labor dispute
WASHINGTON — A five-member Presidential Emergency Board was appointed by President Obama Oct. 6 to investigate and make non-binding recommendations in a dispute between 11 rail labor unions and the National Carriers’ Conference Committee, which represents BNSF, CSX, Kan [...]Rail revenue adequacy faces challenge; stocks down
WASHINGTON – Individuals choose bank savings accounts based on the interest rate offered, assuming the investment is secure because no depositor has ever lost their principal on a Federal Deposit Insurance Corp. (FDIC) backed account. By contrast, corporate investors must con [...]