Opinion

Commentary

Pressure on NMB to Keep Sides Bargaining

As the Surface Transportation Board (STB), Federal Maritime Commission and Department of Transportation struggle to ease a problematic supply chain crisis, pressure is mounting on the National Mediation Board (NMB) to prevent a nationwide railroad work stoppage by guiding rail labor and management to a voluntarily negotiated agreement to amend union-member wages, benefits and work rules.

Commentary

Rail Service Problems: Politicians Pile It On

A group of politicians from both sides of Washington’s great divide have joined the parade of people and organizations professing before the Surface Transportation Board the perils of poor railroad service, painting the carriers and PSR as a prime accelerant of U.S. economic problems, everything from inflation to high fuel prices to undernourished cows.

Commentary

Greenbrier: Order Activity Remains Healthy

We hosted virtual investor meetings and a group call with Justin Roberts, Greenbrier’s Vice President Corporate Finance and Treasurer. North American demand remains solid, and the production ramp-up appears set to occur without additional disruptions. In Europe, the Ukrainian conflict seems to have caused transitory headwinds, which, we believe, could create noise. We remain constructive but are slightly cautious in the near term.

Commentary

Threat Lurks to STB’s Independence

Once upon a time, conservative jurists were the best friends to federal regulatory agencies such as the Surface Transportation Board (STB). When those agencies pushed the boundaries of their decision-making independence, federal courts considered them experts in their field and accordingly deferred to their interpretations of the statutes they administered.

Commentary

Why High-Speed Rail is Such a Heavy Lift

Railway Editor-in-Chief William C. Vantuono’s “From the Editor” about high-speed rail in America asking “Why is High-Speed Rail Such a Heavy Lift?” compelled me to put together some possible answers to the question. And to those I have added some other “fresh” ideas that people in the rail industry may not have seen in other places. First, some observations.

Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl
Commentary

Potential Modal Shifts as Diesel Stays Hot: Cowen

U.S. diesel pricing remains elevated, passing along significant costs to shippers via fuel surcharges. At Cowen and Company, we believe sustained high diesel pricing will ultimately benefit the railroads and IMCs (intermodal marketing companies) as shippers explore different modes of transport.

Commentary

NMB to Rule on Election-Year Rail Shutdown

The National Mediation Board (NMB) has agreed to give the nation’s 12 railroad labor unions, representing some 125,000 unionized rail workers, an opportunity May 24-26 to demonstrate their commitment to a voluntarily negotiated settlement with most of the nation’s railroads over changes in wages, benefits and work rules.

Commentary

Gulf Coast Battle: An Interim Report

The witness phase of the slugout between Amtrak on one side and CSX, Norfolk Southern (NS) and the Port of Mobile on the other, ended May 12 as its 11th day concluded. It ended not with T.S. Eliot’s oft-quoted “whimper” but truly with a bang.

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