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The 12 unions that represent all of the more than 100,000 workers across the industry said that collectively the six biggest freight railroads spent over $165-billion on buybacks
The 12 unions said since 2015 that the six biggest freight railroads spent $165 billion on buybacks—compared to $119 billion on upgrades and maintenance.
The 12 unions that represent the more than 100,000 workers across the industry the six biggest freight railroads spent over $165 billion on buybacks while their safety record worsened.
Railroads' safety record has worsened as they cut costs and eliminated nearly one-third of all rail jobs.
Rail unions want railroads to take some of the billions they’re using every year to buy back their stock and use it to improve safety in the wake of several