The Surface Transportation Board (STB) on Sept. 16-17 held a public hearing regarding growth in the freight rail industry. The objective, it said, was to better understand “how the industry has grown and intends to grow.” Railroads and related organizations offered insights and in some cases a dose of skepticism.
The City of Charlotte, N.C., and the Virginia Passenger Rail Authority (VPRA) each filed separate petitions for exemptions to the Surface Transportation Board (STB) to acquire and operate certain assets of Norfolk
The Surface Transportation Board (STB) has found three U.S. Class I railroads to be revenue adequate for 2023: BNSF, CSX and Union Pacific. STB determined that those railroads achieved a rate of return
Sept. 25, 2024, is the new deadline for all six Class I’s to provide certain service data under the Surface Transportation Board’s (STB) final rule on Reciprocal Switching for Inadequate Service. The STB extended it
The American Short Line and Regional Railroad Association (ASLRRA) submits testimony for the Surface Transportation Board’s (STB) September hearing on freight rail growth. Also, the association urges Class II’s and III’s seeking a Federal Railroad Administration (FRA) exemption for certain one-person train crew operations to file their relevant paperwork now.
The six Class I railroads’ ability to meet their first reporting deadline under the Surface Transportation Board’s (STB) final rule on Reciprocal Switching for Inadequate Service “is in jeopardy,” the Association of American
An attempt by the Surface Transportation Board (STB) to decide complex maximum freight-rate challenges by choosing one of two suggested remedies—one by the shipper; the other by the railroad—was derailed Aug. 20 in a unanimous decision of the 8th Circuit Court of Appeals. The court found the STB’s 2022 Final Offer Rate Review (FORR) rulemaking exceeded the agency’s statutory authority.
The Surface Transportation Board (STB) on Aug. 19 issued a decision to “establish a procedural schedule, address several motions and filings, and provide other directives” regarding its investigation into the on-time performance (OTP) of Amtrak’s Sunset Limited service between New Orleans, La., and Los Angeles, Calif. STB is establishing the procedural schedule in anticipation of the end of the discovery period on Aug. 23, 2024, in the interest of advancing the proceeding.
Genesee & Wyoming, Inc. (G&W) on Jan. 2 reported that Grupo Mexico Transportes (GMXT) will become its new joint-venture partner for the CG Railway, LLC, a U.S.-Mexico rail-ferry service. In August, the
The Surface Transportation Board (STB) has determined that the cost of capital for the railroad industry was 9.87% for 2023.