CHEYENNE, Wyo. – Great Lakes Aviation has defaulted on a $27.5 million loan with Callidus Capital Corp., according to documents filed with the U.S. Securities and Exchange Commission. As a result of the default, the lending company has the right to “take possessio [...]
Railroad retirement beneficiaries are reminded that receipt of a private railroad pension may reduce the amount of a supplemental annuity payable by the Railroad Retirement Board (RRB). The following questions and answers provide information on this subject, as well as how di [...]
Presidential Emergency Board 248 has issued its recommendations to settle the four year contract dispute between New Jersey Transit and the Rail Labor Coalition of fourteen unions representing 4,300 union workers. The recommendations on the major issues of wages and health in [...]
Washington – If you build high-speed rail in America, they will come. According to a 2015 survey released by the American Public Transportation Association (APTA), if high-speed rail were available today, two-thirds (63 percent) of Americans are likely to use high-speed [...]
A health flexible spending account (FSA) is a benefit plan that lets you save by putting pre-tax money aside in a special account to help pay for certain medical costs and other health services. This means you can save on what you pay in your annual income taxes. Learn more a [...]
Beginning October 1, 2015, the U.S. Railroad Retirement Board (RRB) will reduce railroad unemployment and sickness insurance benefits by 6.8 percent, down from the current 7.3 percent reduction, due to federal budget cuts required by law. The adjusted reduction amount is base [...]
The Senate’s bill to prevent a government shutdown on Oct. 1 would extend federal aviation funding for six months. The measure, which was released by Senate appropriators on Tuesday, Sept. 22, contains language that would extend the Federal Aviation Administration̵ [...]
Washington – U.S. Transportation Secretary Anthony Foxx today announced a $180 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Charlotte Area Transit System (CATS) for construction of the LYNX Blue Line light rail extension. The TIFIA loan [...]
Days after the Republican presidential candidate Scott Walker announced his plan to get rid of the National Labor Relations Board, Democratic lawmakers are rolling out a plan to strengthen the government agency. The bill, introduced on Wednesday, will also serve as a litmus t [...]
Secretary urges continued cooperation to build project. Project would reduce trip time to just over 2 hours from current 3.5. Washington – The U.S. Department of Transportation (DOT)’s Federal Railroad Administration (FRA), the State of North Carolina and the Commonwealth of [...]
