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The Railroad Retirement Board (RRB) is required by law to submit annual financial reports and triennial actuarial valuations to Congress on the financial condition of the railroad retirement system, as well as annual financial reports on the railroad unemployment insurance system. These reports must also include recommendations for any financing changes which may be advisable
Read moreThe Kansas City Southern Railway Company (KCSR) has petitioned the Federal Railroad Administration (FRA) to allow Class III air brake tests currently required by FRA to be performed at the U.S. / Mexican border by American inspectors to be instead performed by Kansas City Southern de Mexico (KCSM) at one of KCSM’s inspection locations in
Read moreAll eyes are on Missouri today as the people of the state get the chance to overturn the anti-worker “right-to-work-for-less” legislation. Workers across the state are hitting the polls and encouraging others to “Vote No on Prop A.”
Read moreLast week, the U.S. Senate passed a transportation spending bill that included another record $1.94 billion in funding for Amtrak, while also attaching a number of amendments targeting Amtrak operations. These amendments come after months of controversial service and operational changes instituted by Amtrak’s new CEO, Richard Anderson. And despite Congress showing strong support for
Read morePresident Trump has nominated Erhard Chorlé to fill the position of Chairman of the Railroad Retirement Board (RRB). Erhard R. Chorlé is a Partner in the firm Pedersen and Houpt in Chicago IL. He is part of the firm’s Corporate and Business Counseling Practice Group. He focuses his practice on providing corporate securities, regulatory and government advice
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