How long will you live after you retire, and will you have enough money to live on comfortably? Good question. That’s why – before you retire – you should think about post-retirement economic security, because few things could be worse than money running out [...]
Medicare is the primary health insurance for retirees and their spouses. It is available for those over age 65, those under 65 with certain disabilities, and those of any age with permanent kidney failure. It consists of Parts A, B, C and D. Part A helps cover inpatient care [...]
WASHINGTON — In a Notice of Proposed Rulemaking (NPRM) published in the Nov. 10 Federal Register, the Federal Railroad Administration proposes to make Jan. 1, 2012, the effective date for implementation of conductor certification. The rulemaking on principles, elements [...]
Union Pacific will increase its capital spending by 25 percent to $3.25 billion in 2011, reports the Journal of Commerce. UP capital exenditures in 2010 totaled $2.6 billion. UP said it will be purchasing as many as 200 new locomotives in 2011, upgrade numerous corridors to a [...]
Intermodal traffic (trailers and containers carried atop flatcars) continues to roar for Class I railroads. During October, according to the Association of American Railroads, intermodal traffic soared by 14 percent versus October 2009. Weekly during October, according to the [...]
WASHINGTON — One of first transportation challenges for federal rail transportation-project advocates — Democrats and Republicans — in the new Congress in 2011 will be how to preserve and allocate seed money for rail transit and high-speed rail projects. Bil [...]
A ray of sunshine for working families is emerging from otherwise bleak economic news: Many Americans are going back to work. The Labor Department reports that 151,000 jobs were added during October, following four successive months of job losses. On the nation’s railro [...]
BNSF has appointed Greg Fox as executive vice president, operations, succeeding Carl Ice, who has been promoted to president and chief operating officer. Fox will be responsible for engineering; mechanical; transportation; safety training and operations support; and resource [...]
It was a boomer of a third quarter for major railroad profits. Blockbuster earnings were reported by Canadian National, Canadian Pacific, CSX, Kansas City Southern, Norfolk Southern and Union Pacific as railroads exercised market pricing power and enjoyed robust increases in [...]
Voters in California have approved a ballot proposition preventing the state or local governments from borrowing or redirecting to other budget projects any fuel tax or local property tax funds earmarked for transportation projects such as rail and transit. The California bal [...]
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