DEMAND
NO STOCK BUYBACKS
RAILROADS:
INVEST IN SAFETY, NOT WALL STREET
We call on freight railroads to invest in public safety and their workers. It's time for freight companies to stop putting profits first and safety second. No more cash to Wall Street when freight railroads can’t protect the workers who keep the trains running or the Americans whose communities these trains travel through. Add your name to tell railroad CEOs to take the pledge now:
No Stock Buybacks Pledge
Freight railroads pledge to cease stock buybacks until safety improves. Derailments are happening on nearly a daily basis in this country and too many rail workers have died on the job. Not one dollar in stock buybacks until:
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The industry ends its Wall Street operating model known as Precision Scheduled Railroading.
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The rate of safety accidents decreases across the industry and workers feel safe on the job.
INVEST IN SAFETY,
NOT WALL STREET.
Freight train derailments are happening on nearly a daily basis in this country and too many rail workers have died on the job this year.
Since 2015, the big six publicly-traded U.S. freight rail companies spent more than $165 billion in stock buybacks, which is at least $46 billion more than they invested in safety.
Now is not the time to send more cash to Wall Street when freight railroads can’t protect the workers who keep the trains running or the people whose communities these trains travel through. It's time for freight rail companies to stop putting profits first and safety second.
We call on freight railroad CEOs to take the No Stock Buybacks Pledge!
Freight Railroad CEOs pledge to spend not one dollar in stock buybacks until:
-
The industry ends its Wall Street operating model known as Precision Scheduled Railroading.
-
The rate of safety accidents decreases across the industry and workers feel safe on the job.
Public safety must be the #1 priority. Not $1 in stock buybacks until this is achieved.
For years, rail workers have been sounding the alarm about safety issues. If freight rail CEOs don’t prioritize safety over profits, the crisis will unfortunately continue.
Add your name to demand that freight rail CEOs take the No Stock Buybacks pledge to make public safety their #1 priority. No stock buybacks until the rail industry is back on track!
For years, rail workers have been sounding the alarm about safety issues. It's time to listen to rail workers, not rail CEOs. It's time to end PSR now. If freight rail CEOs don’t prioritize safety over profits, the crisis will unfortunately continue.
PRECISION SCHEDULED RAILROADING CREATES AN UNSAFE SYSTEM
In 2015, freight railroads switched to a business model known as Precision Scheduled Railroading (PSR). This is a Wall Street business model that is designed to maximize profits, not safety. It's time to end PSR now.
CORPORATE GREED IS OUT OF CONTROL
The goal of Precision Scheduled Railroading (PSR) is to cut costs in order to increase shareholder profits. Thanks to this greedy corporate business model, the freight rail workforce is smaller, trains are longer, and the rate of accidents has increased. For years, rail workers have been sounding the alarm about safety issues. It's time to listen to rail workers, not rail CEOs.
JOIN US AND DEMAND
NO STOCK BUYBACKS
OUR
COALITION
