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Railroad retirement benefit payments are financed primarily by payroll taxes paid by railroad employers and their employees. Since 2002, funds not needed immediately for benefit payments or administrative expenses have been invested by an independent National Railroad Retirement Investment Trust, which qualifies as non profit 501(c)(28) .
The MTA is governed by a 21-member board representing the 5 boroughs of New York City, each of the counties in its New York State service area, and worker and rider interest groups. [62] Of these, there are 14 voting members, broken down into 13 board members who cast individual votes, 4 board members who cast a single collective vote, and 6 ...
CSX acquired 42 percent of Conrail's assets, and NS received the remaining 58 percent. As a result of the transaction, CSX's rail operations grew to include some 3,800 miles (6,100 km) of the Conrail system (predominantly lines that had belonged to the former New York Central Railroad). CSX began operating its trains on its portion of the ...
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While Compaq shareholders unanimously approved the deal, there was a public proxy battle within HP as the deal was strongly opposed by numerous large HP shareholders, including the sons of the company founders, Walter Hewlett and David W. Packard, as well as the California Public Employees’ Retirement System and the Ontario Teachers' Pension ...
Concurrently, it has been refining its use of the number and letter system to try to achieve consistency across the system. One major push has been an attempt to have as many services as possible serve the same stations, routes and terminals at all times, with the major exception for most services being the early morning hours of approximately ...
The two had met while working for the London branch of the New York engineers JG White & Company. [8] Initially, the company concentrated on tramways , the first contract being to construct the Dunfermline and District Tramways that opened in November 1909 for Balfour Beatty's own subsidiary, the Fife Tramway Light and Power Company.
In May that same year, Fuller sold a 40% interest of the TP&W to the New York, Susquehanna and Western Railway (NYS&W) for $2.25 million, and the following year, the Delaware Otsego Corporation (DO), the NYS&W's parent company, assumed full control of the TP&W. Fuller became an executive vice president with DO to continue operating the TP&W. [2]