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Posts published in “Railroad Legal News”

UPDATE 4-For CSX, more job and train cuts in post-Harrison era

(Adds share price) March 1 (Reuters) - U.S. railroad operator CSX Corp said on Thursday at its first investor day since the death of former Chief Executive Hunter Harrison that more cuts to jobs, rail cars and locomotives were key to its three-year plan for boosting profitability and streamlining operations. Harrison, cherished by investors for…

UPDATE 3-Siberian blizzards blast Britain and Ireland as Storm Emma approaches

approaches@ * Red weather warnings in Scotland, Ireland and England * Worst weather in Britain since 1991 * Flights delayed, trains cancelled, roads blocked * Ireland braces for worst snow since 1982 * National grid say buying extra gas as demand soars (Updates with Irish PM warning) EDINBURGH/DUBLIN, March 1 (Reuters) - Snow storms from…

UPDATE 5-CSX sticks with Harrison plan to cut jobs, reduce trains

(Recasts first sentence, updates share price) March 1 (Reuters) - U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars. Harrison, an investor favorite for leading turnarounds of Canada's two major…

UPDATE 7-CSX sticks with plan to cut jobs, reduce trains

(Adds investor comment) March 1 (Reuters) - U.S. railroad operator CSX Corp said on Thursday it would stick with a plan started by former Chief Executive Hunter Harrison, who died in December, to boost profit through cutting jobs and rail cars, and would also slash capital spending. Harrison, an investor favorite for leading turnarounds of…

Two-thirds of U.S. commuter railroads may not meet crash technology deadline -report

-report@ WASHINGTON, Feb 28 (Reuters) - As many as two-thirds of the 29 U.S. commuter railroads may not meet a deadline to install an anti-crash technology by the end of the year, according to a report by a government watchdog seen by Reuters. The report by the U.S. Government Accountability Office is expected to be…

Transport safety rules sidelined under Trump

WASHINGTON (AP) — President Donald Trump is putting the brakes on attempts to address dangerous safety problems from speeding tractor-trailers to sleepy railroad engineers as part of his quest to roll back regulations across the government, according to a review by The Associated Press of Transportation Department rule-making activities. A dozen transportation safety rules under…