The National Carriers' Conference Committee stated that three more railroad unions have struck tentative agreements with US freight railroads on a new labor contract (NCCC). The International Brotherhood of Teamsters' Brotherhood of Maintenance of Way Employes Division, the International Brotherhood of Boilermakers, and the International Association of Sheet Metal, Air,...
Class I railroads will halt security-sensitive goods ahead of a possible strike.
The Class I railroads are ready to alter operations in the event of a strike on September 16, stating that shipments of security-sensitive and hazardous cargo will be suspended. Norfolk Southern Chief Marketing Officer Ed Elkins described how NS (NYSE: NSC) would begin to apply embargoes for specific types of...
Some Class I railways are bullish on volume growth and hiring initiatives.
According to top executives' remarks at a recent investor conference, US Class I railways are hopeful that staffing initiatives and operational adjustments will result in enhanced service for the rest of the year and into 2023. "We're in really good shape for the rest of the autumn, and I expect...