An Iraqi proverb reads, “Show them death and they will accept a fever.”
The Surface Transportation Board (STB) ruled Sept. 2 that five Class I railroads—BNSF, U.S. affiliates of Canadian National and Canadian Pacific, Norfolk Southern and Union Pacific—are revenue adequate. That is, they achieved a rate of return on investments used to provide railroad service that is at least equal to the average cost of that investment capital.
News item: Vouchsafed to work jointly in gaining legislation or regulation mandating two crew members on every freight train are the Sheet Metal, Air, Rail and Transportation Union (SMART) and the Brotherhood of Locomotive Engineers and Trainmen (BLET).
“Don’t believe the New York Times or the train haters who cite it: High speed rail is not an $11 billion failure.”