CSX closes Russell Locomotive Shop, eliminating 113 jobs.

  CSX announced Friday morning to employees in Russell, Kentucky, that the company will be closing the Russell Locomotive Shop and eliminating 113 positions. CSX issued a Worker Adjustment and Retraining Notification (WARN) Act notice in conjunction with the shop closure.“As a result of the Read More …

Will CSX withstand CEO, Harrison?

The NCCC has been negotiating with 13 unions in three coalitions, over a contract that expired January 1, 2015, covering 145,000 railroad workers across wide variety of crafts. In each proposal, there is zero or minimal wage increases from 2015-2017, and 2 percent wage increases Read More …

Railroad Stocks — CSX Corp., Union Pacific, Westinghouse Air Brake Technologies

Companies in the Railroads industry operate railroad tracks and/or trains, as well as transport cargo and passengers. These corporations are generally established and stable, and offer lower-than-average dividend yields. Today, Stock-Callers.com reviews the following equities: CSX Corp. (NASDAQ: CSX), Union Pacific Corp. (NYSE: UNP), Westinghouse Read More …