Cory Martin
Illinois State Legislative Board Chairman
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Federal railroad inspectors find alarming number of defects on Union Pacific this summer
Federal inspectors found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world’s largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems
STB addresses ‘revenue adequate’ Class Is, reciprocal switching access
STB addresses 'revenue adequate' Class Is, reciprocal switching access The Surface Transportation Board (STB) recently determined that five Class Is were “revenue adequate” in 2022. The designation generally means those railroads achieved a rate of return equal to or...
Siemens and Alstom are lobbying lawmakers and the Biden administration as they vie to supply high-speed power cars and passenger coaches for the trains of Brightline West
Siemens and Alstom are lobbying lawmakers and the Biden administration as they vie to supply high-speed power cars and passenger coaches for the trains of Brightline West, a privately owned venture that aims to connect the Los Angeles exurbs with Las Vegas. The...
Union Says Railroad Fired Or Bribed Pro-Union Workers.
Union Says Railroad Fired Or Bribed Pro-Union Workers. A Colorado railroad fired the two ringleaders of a unionization effort and attempted to bribe its remaining staff to vote against union representation, a railroad workers union alleged in a lawsuit filed in...
9th Circ. Revives BNSF, Amtrak Rail Crossing Negligence Suit.
9th Circ. Revives BNSF, Amtrak Rail Crossing Negligence Suit. The Ninth Circuit said Wednesday that federal law doesn't shield Amtrak and BNSF Railway Co. from claims they failed to properly warn motorists at a Washington state rail grade crossing, reviving a wrongful...
A track inspector claimed he was fired for reporting ‘too many defects.’ His secret recordings may cost BNSF millions.
A track inspector claimed he was fired for reporting ‘too many defects.’ His secret recordings may cost BNSF millions. A track inspector claimed he was fired for reporting ‘too many defects.’ His secret recordings may cost BNSF millions. A series of phone calls...
Union Pacific: Poor Return Outlook For The Next 5 Years
Summary
UNP’s EPS growth masks flat revenue and debt risks, worsened by paused share buybacks.
UNP’s high debt and interest expense, used for overvalued share buybacks, pose financial risks.
UNP faces inflation and labor cost pressures, with pricing above inflation offering limited financial relief.
UNP faces weakening demand across sectors and minimal industrial growth in 2023.
Buying UNP at $221.03 projects a 5-year CAGR of 1%, with a $224.22 target.
GM exec says UAW demands ‘would threaten…manufacturing momentum’
GM exec says UAW demands 'would threaten...manufacturing momentum' DETROIT, Sept 5 (Reuters) - General Motors' (GM.N) global head of manufacturing, Gerald Johnson, said in a video statement released on Tuesday the demands received from the United Auto Workers union...
AAR files brief in BNSF lawsuit against STB
AAR files brief in BNSF lawsuit against STB The Association of American Railroads (AAR) has filed an amicus brief in BNSF Railway Co.'s lawsuit against the Surface Transportation Board over its order that the Class I transport more coal for Navajo Transitional Energy...
AAR Statement on Joining Confidential Close Call Reporting System
Railroads Remain Committed to Joining FRA’s Confidential Close Call Reporting System The primary objective of the close call reporting system is to encourage employees to report safety incidents so that employers can take proactive steps, like additional training, to...