The 12 unions said since 2015 that the six biggest freight railroads spent $165 billion on buybacks compared to $119 billion on upgrades and maintenance.
Unions say rails should forgo buybacks and spend on safety - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
The 12 unions that represent the more than 100,000 workers across the industry the six biggest freight railroads spent over $165 billion on buybacks while their safety record worsened.
Rail unions want railroads to take some of the billions they’re using every year to buy back their stock and use it to improve safety in the wake of several