CSX

Union Pacific, CSX and Norfolk Southern agree to labor-friendly policies to ease staffing strains. Union Pacific, CSX and Norfolk Southern agree to labor-friendly policies to ease staffing strains. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of…

The New York state comptroller says board members haven’t fully addressed safety concerns and legal risks. The New York state comptroller says board members haven’t fully addressed safety concerns and legal risks. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you…

Union Pacific Corp. reported lower operating income as softening volumes from customers, higher costs from weather interruptions in California and inflation kept profits muted in the most recent quarter. The railroad said operating income declined 3% year-over-year in the first quarter while business volumes fell 1% as fewer carloads of industrial chemicals, forest products and grain offset higher demand from the automotive industry, the Omaha, Neb.-based railroad said. Freight revenue rose 4% to $5.7…

New CEO Joe Hinrichs says railroads’ use of the vaunted precision-scheduling model hasn’t put enough focus on employees and customers. New CEO Joe Hinrichs says railroads’ use of the vaunted precision-scheduling model hasn’t put enough focus on employees and customers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Norfolk Southern Corp. NSC 1.42% and its rivals said Thursday they have agreed to join a federal system that lets employees confidentially report close calls, a program the biggest freight railroads had refused to join for years.  Transportation Secretary Pete Buttigieg on Monday had asked the chief executives of the seven so-called Class 1 railroads— Union Pacific Corp.…

Mr. Vena, 64 years old, briefly served as Union Pacific’s chief operating officer from 2019 to 2020. He is four years older than Lance Fritz, who has been Union Pacific’s CEO since February 2015. Mr. Fritz joined Union Pacific in 2000 and previously worked at industrial companies. Soroban Capital Partners, a major investor in Union Pacific, called for a CEO change in a letter to the Union Pacific board and said it supported bringing back Mr. Vena to run the company. Mr. Vena…

U.S. railroad operators have tepid outlooks for 2023 as they brace for a slowdown in demand for manufactured goods among other products and higher costs. Executives from Norfolk Southern Corp. NSC -5.05% and Union Pacific Corp. UNP -1.51% said inflation is hurting manufacturers and the housing market, which are among the biggest customers for rail.  “Our outlook for 2023…

President Biden signed a bill Friday restricting rail workers from striking, but the industry is still struggling with a big problem: having enough staff to handle customer demand. The largest U.S. freight railroads have reported strong profits in recent years, helped by higher prices and steady business in transporting everything from automobiles to fertilizer. Export demand for coal and grain, stemming from disruptions in supply chains in Europe after Russia invaded Ukraine, bolstered freight volumes…

WASHINGTON—The Senate voted to intervene to prevent a nationwide strike by railroad workers while rejecting a proposal to give them expanded paid sick leave, with lawmakers saying they reluctantly heeded President Biden’s call to resolve the long-running labor dispute.In a 80-15 vote, with one senator voting present, lawmakers agreed to force unions to adopt an earlier labor agreement mediated by the administration. The measure now goes to the White House, and Mr. Biden said he would sign it as soon as it got to his desk.…

Two of the country’s largest railroad unions will reveal Monday whether their members voted to accept a new wage deal brokered by the White House, or reject it and move closer to a strike that could disrupt the flow of goods around the country.The unions representing engineers and conductors—SMART Transportation Division and the Brotherhood of Locomotive Engineers and Trainmen—are the final two of the 12 unions reporting the ratification of votes in what has been a contentious and protracted labor dispute.  Workers of…