Unions Say Railroads Should Forgo Buybacks, Spend on Safety
Railroads' safety record has worsened as they cut costs and eliminated nearly one-third of all rail jobs.
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Railroads' safety record has worsened as they cut costs and eliminated nearly one-third of all rail jobs.
OMAHA, Neb. — Rail unions want railroads to take some of the billions they’re using every year to buy back their stock and spend it to improve safety in the wake of several high-profile derailments and hire more workers. The 12 unions that represent all of the more than 100,000
Thirty-three trains have spilled hazardous chemicals in Northwest Indiana over the past decade. Experts say longer trains and bigger cargos of harardous chemicals create greater possible dangers.
Rail investors could be in for a short-term PR disaster and a longer-term trend of increased safety.
And demonstrators protest nationwide over Tyre Nichols' death.