Indiana Rail Road promotes Wright to CEO
Indiana Railroad Co. operates a 500-mile freight railroad that serves southern Indiana and central Illinois
Indiana Railroad Co. operates a 500-mile freight railroad that serves southern Indiana and central Illinois
The board is set to consider Union Pacific’s $85 billion acquisition of Norfolk Southern in the next two years before deciding whether to approve the nation’s first transcontinental railroad.
The Canadian government on Thursday forced an end to a brief rail work stoppage that threatened the North American economy, by ordering Canada’s two largest rail companies and the Teamsters into binding arbitration.
Billions of dollars of goods each month move between Canada and the U.S. via rail, according to the U.S. Department of Transportation.
Too often in past, disasters like last year’s fiery Norfolk Southern derailment in East Palestine, Ohio, firefighters risked their lives trying to extinguish a blaze without knowing the right way to respond.
The settlement involves 168 property owners along more than 20 miles of the trail from just south of East 16th Street in Indianapolis to just west of the White River in Noblesville.
The company said the agreement, if approved by the court, will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.
Federal investigators are opening a wide-ranging investigation into one of the nation’s biggest railroads following a fiery derailment on the Ohio-Pennsylvania border last month and several other accidents involving Norfolk Southern.
Legislation to avert what could have been an economically ruinous freight rail strike won final approval in Congress on Thursday as lawmakers responded quickly to President Joe Biden’s call for federal intervention in a long-running labor dispute.
A national rail strike, which could happen as early as Dec. 5, would threaten the nation’s coal shipments and its supply of drinking water.
The railroads took the unusual step of issuing a statement late Wednesday rejecting the Brotherhood of Maintenance of Way Employes Division union’s latest request to add paid sick time on top of the 24% raises and $5,000 in bonuses they received in the first five-year deal.
The raises workers will receive as part of this deal will be the biggest ones they have received in more than four decades.
President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy.
Railroads have already started to curtail shipments of hazardous materials and refrigerated products ahead of Friday’s strike deadline.
Freight railroads and their unions face a looming strike deadline on Friday, and business groups say a stoppage halting deliveries of raw materials and finished products that so many companies rely on would be an economic disaster.
The railroad trade group said a strike would idle some 7,000 freight trains a day run by CSX, Union Pacific, BNSF, Norfolk Southern, Kansas City Southern and other railroads and disrupt passenger operations nationwide.
The man known during his campaign as “Mayor Pete” faces the first test of that potential in his first job in Washington: Selling a $2.3 trillion infrastructure program that will be paid for with corporate tax hikes.
The ruling undercuts one of the defenses that Union Pacific, BNSF, CSX and Norfolk Southern had offered in dozens of lawsuits that major companies filed last year questioning the way railroads set shipping rates.
The greater Indianapolis region is a major hub for goods movement, which is a huge asset for attracting and growing companies whose goal is to cover the broader U.S. market.
Salt Lake City-based A&K Railroad Materials Inc. submitted the winning bid out of five bidders who responded to a request for proposals to remove 22 miles of track from Indianapolis to Noblesville and sell the materials for scrap.