1st Quarter 2021 Net Earnings: Increased 5% to $1.3 billion from $1.2 billion Earnings Per Share: n/a – not publicly traded Revenue: Stayed flat at $5.4 billion Operating Income: Increased 4% to $1.9 billion from $1.8 billion Operating Expenses: Decreased 2% to $3.5 billion f [...]
The payment of a Railroad Retirement annuity can be affected by entitlement to Social Security benefits, as well as certain other government benefits. Such dual entitlement, if not reported to the Railroad Retirement Board (RRB), can result in benefit overpayments that have t [...]
President Joe Biden on April 26 signed an executive order that created a Task Force on Worker Organizing and Empowerment to increase union density and union organizing in the country. The group will be led by Vice President Kamala Harris and DOL Secretary Marty Walsh and have [...]
As the COVID-19 pandemic raged across the nation, nearly all intercity passenger transportation ceased almost overnight. In 2020, air carriers ferried their fewest passengers in three decades, registering months with as much as 96% fewer boardings compared to the prior year. [...]
Nevada Gov. Steve Sisolak has issued a proclamation praising America’s railroaders, declaring Wednesday, April 28, 2021, as “A Day In Honor of Railroad Workers.” A portion of the proclamation reads: “The safe and efficient movement of the trains transporting… freight an [...]
Amit Bose, who has been serving the Biden administration as acting administrator of the Federal Railroad Administration (FRA) since February, was formally nominated to become administrator of that body April 22. Bose has years of experience serving in the public sector. He ha [...]
WASHINGTON, D.C. — On April 20, union attorney Deirdre Hamilton was nominated by the president to serve on the National Mediation Board (NMB), the government body that facilitates labor-management relations in the aviation and rail industries. The 33-member union Transportati [...]
Buddy Lee Strieker, an officer of Local 219 (Hannibal, Mo.) for the vast majority of his 24-plus years with our union, died as a result of a switching accident on April 7 in Louisiana, Mo. He was 56 years old. Brother Strieker was vice local chairperson of LCA-001A and the se [...]
Legislators in both the North Carolina state House and Senate have introduced bills to keep freight rail operations on the state’s more than 3,300 miles of track running safely and efficiently. A bus safety bill is also in the works in the state. H.B. 408 and S. 348 require a [...]
Employers and employees covered by the Railroad Retirement Act pay higher retirement taxes than those covered by the Social Security Act. As a result, Railroad Retirement benefits are higher than Social Security benefits, especially for “career” employees (those employees who [...]