October 25, 2014

CSX profit jumps again in first quarter

CSX profit jumped 30 percent during the first quarter 2011 versus the first quarter 2010, the railroad reported April 19. This comes on the heels of a 35 percent improvement in operating profit for calendar year 2010. The CSX employee headcount rose in March to 30,464 employees, up 3 percent from March 2010, the railroad [...]

Record profits, but UP opposes PTC costs

On the same day (Jan. 20) Union Pacific reported record fourth quarter and record calendar year 2010 profits, UP Chairman Jim Young said he is headed to Washington to meet with President Obama’s economic advisers to oppose a congressional mandate that railroads implement crash-avoidance positive train control by year-end 2015. UP told investors its 2010 [...]

Shorter bus contracts protect earnings

By Richard Deiser Vice President, Bus Department Kudos to Alternate Bus Vice President-East Calvin Studivant and Alternate Bus Vice President-West Bonnie Morr for being chosen as delegates to the AFL-CIO convention in Pittsburgh, where a highlight was President Obama’s speech that may be viewed on the UTU Web site at www.utu.org. Calvin reports that he [...]