CSX Corporation: All Aboard

08:06am, Tuesday, 20'th Sep 2022
With four times the fuel efficiency, railroads provide cheaper shipping costs than truck lines. CSX operates in a duopoly on the east coast.
Last week, a tentative deal was announced between unions and the railroad companies averting a national strike that could have seen 125,000 railroad workers go on strike. It also avoided a major econo
CSX announces Joseph R. Hinrichs as its new president and chief executive officer.
Freedom Foundation CEO Aaron Withe argues Biden's economy leaves the blue-collar worker behind. https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business N
Freedom Foundation CEO Aaron Withe blasted Biden's economy and "poor working conditions" for railroad workers as the cause of the now-averted labor strike conflict.
Transportation Sec. Pete Buttigieg joins CNBC's 'Squawk Box' to discuss the Biden administration's efforts to strike a labor deal between industry and railroad workers, inflation, and more.
Union railworkers in the United States scored a potential key victory in their fight for improved pay and working conditions on Thursday in what could be a model for other unions.
The Department of Labor announced a 'tentative' deal to avert a crucial railroad strike this morning. The new contract provides a 24% pay increase over five years and extra paid time off.

Trains Will Keep Rolling After Labor Deal Reached

03:28pm, Thursday, 15'th Sep 2022
Freight trains will keep rolling after railroad and union representatives reached a tentative deal to avoid a strike. President Joe Biden calls it a "big win for America.
The U.S. operations of the Class I railroads are working to resume operations “immediately” now that a deal has been reached to avoid a strike by union members on Friday. Two of the largest labor
Joseph Hinrichs, who stepped down as Ford's president in 2020, will succeed the retiring James Foote.
Employees say the inflexibility of scheduling upended their personal lives. The companies say they maintained service while using fewer resources.

Rail Deal Good for Unions and Railroads: Biden

12:13pm, Thursday, 15'th Sep 2022
President Joe Biden hailed a tentative agreement railroads and unions reached to avert a work stoppage that threatened the US economy.  "This agreement is a big win for America," Biden said in a sp
A rail strike which could have brought key shipments to a standstill, straining the high-inflation economy, seems to have been averted. The post Rail Strike, 'Significant Damage' To Economy Derailed,
Freight railroad unions and management reached a tentative deal to avert a strike, addressing a key attendance policy that had been holding up the deal.
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