While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks

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While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks
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Kenny Stancil is senior researcher at the Revolving Door Project and a former staff writer for Common Dreams.

At the same time they have fought to deny sick days and other vital benefits to workers in the freight industry, rail carrier executives have been rewarding shareholders with billions of dollars in stock buybacks and dividend bumps.'It's time for these railroad companies to start prioritizing the safety and well-being of their workers--or we'll all pay the price.

'CSX acknowledged that its injury rate in the second quarter 'increased modestly from the near-record levels in the first quarter,' only for Foote to blame the company's staffing challenges on what he described as pandemic-induced changes to 'employees' work and lifestyle preferences.

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