Presidential Emergency Board 250

SMART-TD President Jeremy Ferguson

SMART-TD’s Ferguson to Members: PEB Recommendations a First Step, ‘Be Patient’

The recommendations of Presidential Emergency Board (PEB) 250 regarding wages, benefits and work rules are “a vast improvement over the carriers’ previous proposals,” SMART Transportation Division President Jeremy R. Ferguson said in an Aug. 18 statement, but they “do not go far enough to provide our members with the quality of life that they have earned, and that both they and their families deserve.”

Commentary

Yes, a Rail Shutdown Can Occur

Razors cut two ways, as is evident among Wall Street analysts who encourage share-price haircuts for railroads not lowering operating ratios, but themselves fear from railroads a different sort of trimming—loss of access to senior officers and financial data should these analysts have the audacity to suggest the likelihood of a nationwide rail shutdown.