Tuesday, February 19, 2008

H&E labor contract

The Huron & Eastern's workers have joined the Brotherhood of Locomotive Engineers and Trainmen. The agreement includes profit-sharing, a small pay hike, some employmeent guarantees, and a day off. Good news for them.

Quibble with the press release, which I've seen repeated elsewhere: RailAmerica combined the H&E with the Central Michigan Railway in 2004, "creating a combined railroad with approximately 250 miles of track." The same para, however, asserts that the H&E operates 174 miles of track. Is there some leasing arrangement or sale that I'm missing? I know that the Saginaw Bay Southern has (or had) an operating agreement for the branch out to Plaines, but that's only 6-7 miles. The last annual report available online, for 2005 (link) puts the H&E's mileage at 328, but this includes leases and running rights. The devil's in whether something is owned or operated, and it isn't at all clear.

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