Norfolk Southern Jan 25 reported a 31 percent increase in fourth quarter profit (versus fourth quarter 2009) and a 45 percent increase in calendar-year 2010 profit. NS also reported a 5 percentage point improvement in its 2010 operating ratio, which declined to 71.9 percent. [...]
In a state-of-the-union speech uncharacteristically short on laundry list projects and policies, President Obama Tuesday night conspicuously singled out high-speed rail as “the most reliable way to move people,” saying that “within 25 years, our goal is to g [...]
Canadian National Jan. 25 reported its fourth-quarter operating profit rose by 19 percent versus fourth-quarter 2009, and that calendar-year 2010 operating profit increased by 13.5 percent from 2009. CN’s operating ratio for 2010 improved from 67.7 percent in 2009 to 63 [...]
It was a mighty good fourth quarter and calendar-year 2010 for CSX, which reported Jan. 24 that its operating profits grew by 46 percent in the fourth quarter (versus fourth quarter 2009), and by 35 percent for the 12-months of 2010. In announcing that CSX had reduced its ope [...]
Employees of four railroads in Alabama and Florida have chosen the UTU as their bargaining representative. On South Florida Tri-Rail, a commuter railroad where the UTU already represents both sides of the cab, employees of the operations center have chosen the UTU as their ba [...]
WASHINGTON — The House Transportation & Infrastructure Committee, chaired by Republican John Mica of Florida, has named subcommittee chairs. Following are the chairs of the three subcommittees dealing with air, bus and rail issues: Subcommittee on Highways and Trans [...]
WASHINGTON — Democrats have finalized appointments to the House Transportation & Infrastructure Committee, whose ranking member is Nick Rahall (D-W.Va.) Most transportation legislation affecting aviation, bus and rail originates in this committee. The Democratic mem [...]
Private sector and public sector union membership fell sharply in 2010, reports The New York Times. In the domestic private workforce, the percentage of workers represented by unions tumbled to 6.9 percent (from 7.2 percent in 2009), while in the public sector, the percentage [...]
SAN FRANCISCO — First Student school bus drivers here, represented by UTU Local 1741, have ratified a new wage and benefits agreement by a 72 percent majority. “Our strategy was to keep negotiations limited to economics because the work rules in our contract are t [...]
WASHINGTON — Rail traffic for the week ending Jan. 15 continued its upward climb, reports the Association of American Railroads. Carloads were up by 7.5 percent compared with the same week in 2010, and intermodal (trailers and containers on flat cars) showed a gain of 5 [...]
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