STB

STB: 2020 Railroad Cost of Capital Set at 7.89%

The Surface Transportation Board decided on Aug. 4, 2021 that the annual cost of capital for the railroad industry was 7.89% for 2020. This figure represents the Board’s Office of Economics estimate of the average rate of return needed to persuade investors to provide capital to the freight rail industry.

STB Will Consider Amtrak Gulf Coast Case

The Surface Transportation Board (STB) on Aug. 6 concluded that the matter of Amtrak providing Gulf Coast service over host freight railroads CSX and Norfolk Southern (NS) “is ripe for adjudication.”

Commentary

Leasing Improvements May Be Unsustainable

FINANCIAL EDGE, RAILWAY AGE AUGUST 2021 ISSUE: Ah, the summer doldrums. While many were hoping for carefree days and a return to normalcy, sadly, the world continues to fret and struggle with the coronavirus and its Delta variant. However, in the shadows of this looming global crisis, the world of North American rail is all atwitter with political activity and other news-grabbing headlines.

STB Issues Decision on CP’s Declaratory Order Petition

The Surface Transportation Board (STB) has granted in part Canadian Pacific’s (CP) petition for declaratory relief: It confirmed that CP may use “discovery” under STB regulations to seek relevant material from Kansas City Southern (KCS) to prepare its control application.