OMAHA, Neb. – The stunning collapse in oil prices won’t derail the railroads’ profit engine, even if it does slow the tremendous growth in crude shipments seen in recent years.
Carloads of crude oil spiked well over 4,000 percent between 2008 and last year — from 9,500 carloads to 435,560 — as production boomed and the cost for a barrel of oil soared into the triple digits.
Read the complete story at the Times Herald-Record.
Related News
- EPI study estimates money lost by misclassified workers
- Union Plus scholarship deadline approaching; others open for TD members’ families
- FMCSA pre-employment requirement in effect Jan. 6
- Railroad Retirement and Unemployment Insurance Taxes in 2023
- Action needed to support Congressional Workers Union
- Union states 2PC case before FRA
- AFL-CIO TTD: Rail labor will not rest until freight rail industry is fixed and rail workers are treated fairly
- ERMA lifetime maximum benefit to increase in 2023
- RRB: Credit for military service under the Railroad Retirement Act
- 2022 Tentative Agreement ratification results and next steps