United Auto Workers

Commentary

TD Cowen: Still Searching for Positives in Near-Term

At TD Cowen, we are lowering our rail estimates ahead of third-quarter earnings reports to reflect a very challenged environment. Leaders in the rail and logistics market who attended our latest Railroad Happy Hour” called the current outlook “bleak,” with growing uncertainty in 2025.

Court orders BMWED remain in national handling

The Brotherhood of Maintenance of Way Employes Division of the Teamsters Rail Conference (BMWED) was rebuffed by a federal district court March 30 in an attempt to sever itself from multi-employer contract negotiations (national handling) in this current round of wage, benefits and work rules negotiations.