Daily Infographic: Report: Rail supply industry contributed $75B to US economy in 2020

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The post Daily Infographic: Report: Rail supply industry contributed $75B to US economy in 2020 appeared first on FreightWaves.

https://www.freightwaves.com/news/daily-infographic-report-rail-supply-industry-contributed-75b-to-us-economy-in-2020

Daily Infographic: US Freight Railroads are the Best Rail Network Since the Staggers Act of 1980

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To view more FreightWaves infographics, click here

The post Daily Infographic: US Freight Railroads are the Best Rail Network Since the Staggers Act of 1980 appeared first on FreightWaves.

https://www.freightwaves.com/news/daily-infographic-us-freight-railroads-are-the-best-rail-network-since-the-staggers-act-of-1980

Rail workers union rejects labor contract, renewing strike possibility

Members of the Brotherhood of Maintenance of Way Employes Division (BMWED) rejected a labor contract with the freight railroads on Monday, sending the two sides back to the bargaining table and resetting the countdown to a potential work stoppage.

More than 56% of BMWED membership voted against ratification of the tentative national agreement reached with the Class I freight railroads on Sept. 11. The deal included a 24% wage increase, $5,000 bonuses and an additional paid day off.

BMWED...

https://www.freightwaves.com/news/rail-workers-union-rejects-labor-contract

FreightWaves Classics/Fallen Flags: The Virginian Railway profitably hauled coal 

A Virginian Railway freight train. (Photo: The Virginian Railway Facebook page)

FreightWaves Classics is sponsored by Sutton Transport, an LTL leader in the Midwest for more than 40 years. Sutton Transport proudly services Illinois, Minnesota, Missouri and Wisconsin. Request a quote here.

The Virginian Railway was a fairly small railroad (its main line was less than 500 miles), but it was built to extremely high standards and it “operated with precision-like efficiency” hauling coal as a competitor to the much larger Norfolk & Western Railway (N&W).  

The Virginian Railway's logo. (Image: The Virginian Railway's Facebook page)The Virginian...

https://www.freightwaves.com/news/freightwaves-classicsfallen-flags-the-virginian-railway-profitably-hauled-coal

Here’s what you need to know about a potential rail shutdown

railroad rail union strike

If a nationwide rail shutdown comes to fruition this week as some experts anticipate, it could have disastrous consequences for both passengers and freight across the United States. 

Should union and rail representatives fail to reach a labor agreement by Friday, it would be the first time in 30 years that a full-scale rail strike took place. A total shutdown of the nation’s railroads could cost the U.S. $2 billion in lost economic output every day.

Suffice it to say that if a strike goes into...

https://www.freightwaves.com/news/heres-what-you-need-to-know-about-a-potential-rail-shutdown

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