Union Pacific's CEO and top executives are called to a hearing in the nation's capital over use of embargos to slow freight rail as a rail strike looms.
's BNSF, to testify in April about rail service deficiencies, which ultimately resulted in a June STB order directing rails to correct deficiencies, and referred to initial plans that had been submitted by the rails as "perfunctory" and lacking "the level of detail that was mandated by the Board's order."
Ferguson has testified before the STB on the thin labor staffing. He told CNBC that union members are not only infuriated with not being able to take adequate time off, but shippers are also being disrespected. "Rail not only services domestic freight but international freight as well," said Mark Baxa, president, and CEO of CSCMP. "This would impact the global markets as well. We have some members taking measures in anticipation of a strike. To what degree depends on their logistical needs."
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