Transportation News

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Class I carriers report 2nd quarter earnings

2nd Quarter 2021 Net Earnings: Increased 34% to $1.52 billion from $1.13 billion Earnings Per Share: n/a – not publicly traded Revenue: Increased 26% to $5.81 billion from $4.60 billion Operating Income: Increased 28% to $2.22 billion from $1.73 billion Operating Expenses: In [...]

Senate bill benefits Amtrak, bus, transit members

WASHINGTON, D.C. — The U.S. Senate today passed the Infrastructure Investment and Jobs Act, its $1.2 trillion bipartisan legislation, by a 69-30 vote, sending the bill to the U.S. House of Representatives for consideration and taking a step to end a substantial period of larg [...]

TTD urges confirmation of Homendy to lead NTSB

The AFL-CIO Transportation Trades Department (TTD), of which the SMART Transportation Division is a member, released the following statement to senators from President Greg Regan Aug. 4 as National Transportation Safety Board Member Jennifer Homendy’s nomination as NTSB [...]

T&I Chair DeFazio challenges proposed CN and KCS merger trust

WASHINGTON – Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-Ore.) sent a letter to the Surface Transportation Board (STB) opposing the approval of a trust for the proposed merger of the Canadian National (CN) and Kansas City Southern ( [...]