Preliminary report: NS engineer was killed when locomotive was hit by rolling railcars
Preliminary report: NS engineer was killed when locomotive was hit by rolling railcars A diagram shows the scene of a fatal accident involving a Norfolk Southern engineer on Jan. 31, 2024, in Decatur, Ala. National Transportation Safety Board The...
BNSF to pay $75 million to settle biometric privacy suit
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STB Chair Oberman: NS takeover could be a ‘huge detriment’ to the rail industry
“It’s been a long-term struggle to try to get these railroads to rebuild. It’s a never-ending tension,” said Oberman. “Wall Street will always be there — which is fine, it’s part of our capitalist structure. But the activist investors, such as the ones that have surfaced now at Norfolk Southern, have a very short-term goal and it’s not constructive.”
While such activist investors are free to practice their approach in other industries, the rail industry is different, he said.
“Railroads are a regulated monopoly, and they have a common carrier obligation to the public interest and to the nation’s economy,” said Oberman. “Railroad management and owners are not just free to manipulate the business for short-term gain to drain the resources out of the railroads in the form of enormous stock buybacks and dividends to the determent of the railroads, … labor, and ultimately to the economy and the consumers.”
The Koch Network Is Killing Rail Safety
The Koch Network Is Killing Rail Safety One year after a toxic train derailment in East Palestine, Ohio, inspired bipartisan legislation that would have made the nation’s railways safer for everyone, the bill has been all but killed — largely thanks to a familiar...
FRA sets hearing for G&W’s proposed zero-emissions tech test
FRA sets hearing for G&W's proposed zero-emissions tech test The Federal Railroad Administration will hold a hearing March 12 to receive public input on a petition from two Genesee & Wyoming Inc. subsidiaries to test zero-emission freight-rail technology,...
Boardroom battle at Norfolk Southern heats up as rail regulators weigh in
Boardroom battle at Norfolk Southern heats up as rail regulators weigh in Activist investor Ancora Holdings, which has begun a battle to replace the management of Norfolk Southern Rail (NS), is experiencing headwinds from its embattled NS board and regulators who view...
Stalled on the Tracks: The Long-Awaited Quad-Cities to Chicago Rail Project Faces Hurdles
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Engineers’ union throws support behind Norfolk Southern, criticizes activist investor proposals
Engineers’ union throws support behind Norfolk Southern, criticizes activist investor proposals The Brotherhood of Locomotive Engineers and Trainmen today said it will “vigorously oppose” an activist investor’s attempt to gain control of the Norfolk Southern board and...
Working People Need Congress to Fund Mass Transit
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Following Sorensen’s Push, a New Federal Decision Puts Local Union Workers First
Following Sorensen’s Push, a New Federal Decision Puts Local Union Workers First Sorensen Applauds Decision to Support Union Jobs in Illinois MOLINE, IL – Congressman Eric Sorensen (IL-17), a member of the Congressional Labor Caucus, is applauding an executive order...