CN Ends Lock Out and Initiates Recovery Plan

CN announced today that effective 18:00 ET, it ended its lock out and immediately initiated its recovery plan.

As CN awaits the formal order from the Canada Industrial Relations Board (CIRB), the Company is making this decision to expedite the recovery of the economy.

While CN is satisfied that this labour conflict has ended and that it can get back to its role of powering the economy, the Company is disappointed that a negotiated deal could not be achieved at the bargaining table despite its best efforts.

-via Press Release

Plan to Provide $460M to Modernize Washington Metro, Transform Regional Transit

The Metropolitan Washington Council of Governments (COG) and the Washington Metropolitan Area Transit Authority (WMATA) boards jointly endorsed recommendations from the DMVMoves Task Force and called on regional leaders to advance funding solutions to support Metro’s long-term modernization and strengthen coordination among the region’s 14 transit operators, including Metro, MARC, VRE, and local bus systems.

Norfolk Southern Shareholders Approve Transaction with Union Pacific

Norfolk Southern Corporation today announced that its shareholders voted overwhelmingly, with nearly 99% of the shares cast in favor, to approve its previously announced transaction with Union Pacific at the company’s Special Meeting of Shareholders (the “Special Meeting”) held earlier today.