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June 13, 2008—As the annual meeting of CSX scheduled for June 25 nears, the proxy fight pitting the corporation directors against a takeover effort by two hedge funds—the Children’s Investment Fund of Britain and 3G Capital Partners, a Brazilian fund—gets fiercer. On June 12 a federal judge ruled in favor of CSX, finding that the
Read moreMay 28, 2008 —Tentative agreements were reached Friday, May 23, for Amtrak clerks, on board service workers and ARASA product line supervisors. Ratification packets have just been mailed and should be received by involved members in the next couple of days: ballots must be received at TCU headquarters by June 27 to be counted. “I am
Read moreMay 23, 2008—There is a proxy fight under way at CSX. At stake is the direction the company will take in the future if it fails to fight off efforts by a British hedge fund called The Children’s Investment Fund (TCI) to capture leadership positions on the CSX Board of Directors. TCU members who own
Read moreTCU Carmen and ARASA Maintenance of Way and Maintenance of Equipment members are among some 9,000 employees who received retroactive wage payments on Friday, May 9, 2008 as part of the recently signed union agreements. To clarify the process, click here to read a special advisory for employees from President/CEO Kummant, then click here for FAQs from Amtrak
Read moreApril 25, 2008—Contract talks are ongoing at Amtrak for TCU On-Board Service Employees (ASWC), Clerks and Product Line Supervisors. Representatives involved in negotiations report that they believe they are close to finalizing a new wage and work rule agreement that mirrors recent settlements reached by other unions at Amtrak. The negotiating team is cautiously optimistic
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