The Surface Transportation Board (STB) is calling on Norfolk Southern (NS) to address the deterioration of “key operating metrics” over the past several weeks and the increasing number of customer complaints to STB about the Class I railroad’s “poor performance.”
The Surface Transportation Board will consider a proposal by private railcar owners to adopt regulations updating the demurrage and accessorial rules governing the railroads’ use and handling of their equipment.
The Surface Transportation Board (STB) has accepted for consideration the Canadian Pacific (CP)-Kansas City Southern (KCS) merger application submitted on Oct. 29.
Cowen & Company hosted the Kansas City Southern (KCS) executive team in New York City last week for investor meetings. While challenges across
Mexico continue to hinder railroad operations, discussions with regulatory authorities appear to be moving in the right direction.
Two rulemakings to establish rate reasonableness processes for small rate disputes are moving forward, the Surface Transportation Board (STB) reported on Nov. 15.
The Surface Transportation Board (STB) in first-quarter 2022 will hold public hearings on three “significant” pending matters: CSX’s merger application to acquire Pan Am Systems, Amtrak’s application to operate Gulf Coast service, and proposed reciprocal switching regulations.
The Surface Transportation Board (STB) will assess environmental impacts of the proposed Canadian Pacific (CP)-Kansas City Southern (KCS) merger; it’s expected that the environmental review process will wrap up by fall 2022.
CSX President and CEO Jim Foote on Nov. 2 responded to Surface Transportation Board Chairman Martin Oberman’s Oct. 18 request for information about service problems, as evidenced by what STB characterized as numerous customer complaints. “Your letter referenced anecdotal service incidents, service metrics and employee figures,” Foote replied. He then went on to provide “an update on the current state of CSX’s network and our plans looking ahead to meet our customer’s needs.”
Gulf Coast service would “impair unreasonably” freight operations unless Amtrak agrees to fund improvements necessary to support its proposal, host freight railroads CSX and Norfolk Southern wrote in a joint filing to the Surface Transportation Board (STB) on Nov. 3.
Canadian Pacific (CP) and Kansas City Southern (KCS) shareholders will have an opportunity to vote on the CP-KCS combination next month.