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INSANE: 6 | Vintage Vibes

Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership

The Independent UK

In a first, some CSX railroad workers to get paid sick time

Several thousand workers at CSX will soon get one of the things that pushed the railroad industry to the brink of a strike last fall: paid sick time

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

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Amid gains, railroaders seeking quality-of-life improvements

The contract imposed on railroad workers last fall didn't resolve their quality-of-life issues, but there are indications the major freight railroads might start to address some of their concerns about demanding schedules and the lack of paid sick time

The Independent UK

Railroad's plan to test idea to cut train crews put on hold

Union Pacific’s latest attempt to move toward cutting its train crews down to one person remains on hold

The Independent UK

Union Pacific railroad puts its shipping limits on hold

Union Pacific says it will stop imposing temporary limits on shipments while it reviews the policy that federal regulators and shippers criticized at a hearing last week

The Independent UK

Railroad workers pressure Congress and Biden to address working conditions

Workers and labor activists criticize Congress after it blocked a strike by voting to impose a contract agreement

The Guardian - US

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Union Pacific railroad shipping limits generate complaints

Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as part of its effort to clear up congestion across the railroad

The Independent UK

Investors press railroads to add sick time for workers

The major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike

The Independent UK

Rail unions look to next contract talks as Biden signs agreement - Roll Call

As President Biden signed a resolution imposing a rail labor contract agreement Friday, unions were strategizing for the next contract.

Roll Call

Michael Hiltzik: Greedy railroads are to blame for rail strike threat. Why should Congress help them?

The prevailing take on the looming national rail crisis is that a few recalcitrant railroad unions are poised go on strike Dec. 9, provoking an industrywide labor walkout that would inflict a "crippling" blow to the U.S. economy.

Los Angeles Times

Railroad unions decry Biden's plan to block possible strike

President Joe Biden’s call for Congress to intervene in the railroad contract dispute undercuts efforts to address workers’ quality of life concerns and unions decried the move

The Independent UK

Fencing rings that netted $18 million in LA railroad thefts are taken down, authorities say

LOS ANGELES — Two theft rings that netted more than $18 million worth of merchandise stolen from railroad cars have been dismantled, authorities said Thursday, months after images of a sea of discarded containers along Union Pacific tracks in Lincoln Heights drew national attention.

Los Angeles Times

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Axios

Railroad worker negotiations head off the rails over paid sick leave

The White House-brokered deal wasn't the end of it. The parties are still haggling, and sick leave is a major issue

Benzinga

What Are Whales Doing With Union Pacific

Someone with a lot of money to spend has taken a bearish stance on Union Pacific (NYSE:UNP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Texas Observer

Christian Menefee Aims to Bring Polluters to Justice

The youngest-ever Harris County attorney is making the environment top priority. Next target: creosote contamination in Houston's Fifth Ward.

The Texas Tribune

After cancer-causing chemicals were found in Fifth Ward soil, Houston mayor says cleanup plans are inadequate

The city’s health department found dioxins in soil samples along the fence line of a Union Pacific rail yard. Mayor Sylvester Turner said during the 2022 Texas Tribune Festival that plans to clean up the contamination should now include relocating residents.

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Salon

Strikes are coming: It will get ugly

Biden thinks he has averted a rail strike — for now. But the elites can't crush massive discontent forever

Benzinga

Check Out What Whales Are Doing With UNP

The Independent UK

Rail workers win key concessions in deal to prevent strike

Railroad workers secured a deal that will deliver 24% raises and $5,000 bonuses over five years, but it will also address some of their concerns about strict attendance rules and time off

The Independent UK

Asian shares mixed after wobbly gains on Wall St

Asian shares are mixed after modest gains on Wall Street

Benzinga

Bernstein Downgrades CSX, Union Pacific As Amtrak Cancels Trains And Railroad Strike Looms

U.S. railroad companies could be just days away from a major strike that could cost the U.S. economy more than $2 billion per day. Strike or no strike, one analyst said Wednesday that railroad stocks have limited upside from current levels in a challenging environment.

The Guardian - US

US railroad workers prepare for strike as rail companies see record profits

As rail companies see record profits and Biden’s recommendations fall flat, unions call for improved rules – or else

Benzinga

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