October 24, 2014

STB orders more extensive reporting from rails

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FARGO, N.D. – Grain elevator and agriculture groups are cautiously optimistic that a more extensive reporting system for railroads, ordered Oct. 8 by the U.S. Surface Transportation Board, will at least allow agricultural shippers to see whether they’re getting the same kind of service as oil, coal and other industries. The STB, which regulates railroads, [...]

Senate panel approves freight rail oversight changes

The Senate committee that deals with transportation issues approved a bill to beef up the panel of federal regulators that is supposed to oversee operations on the nation’s freight and passenger railways. The measure, which was approved unanimously on Wednesday by the Senate Commerce Committee, emboldens the Department of Transportation’s Surface Transportation Board (STB) to [...]

Senators move to strengthen STB

A bipartisan pair of senators is planning to introduce legislation to beef up the panel of federal regulators that is supposed to oversee operations on the nation’s freight and passenger railways. The panel, the Department of Transportation’s Surface Transportation Board (STB), has been at the center of a recent dispute between Amtrak and a Canadian [...]

STB: Five Class I’s revenue adequate in 2013

The Surface Transportation Board announced Tuesday, Sept. 2, 2014, that it has found five U.S. Class I railroad properties to be “revenue adequate for the year 2013, meaning that five of the Class I railroads achieved a rate of return equal to or greater than the Board’s calculation of the average cost of capital to [...]

Durbin sets hearing on Amtrak delays

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CHAMPAIGN, Ill. – Weeks after calling for a study of the potential for increased service along Amtrak’s Chicago to Carbondale route, U.S. Sen. Dick Durbin is holding a hearing in Champaign Wednesday on freight train interference along the corridor. The meeting between Surface Transportation Board Chairman Dan Elliott, Amtrak board member Tom Carper and local [...]

BNSF loses freight to Union Pacific amid rail delays

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DALLAS – BNSF Railway Co., the only U.S. railroad ordered by the regulator (Surface Transportation Board) to provide weekly service updates, is losing market share to Union Pacific Corp., its main competitor, as train speeds slow and on-time deliveries drop. The shift in market share had shown up in carload statistics, Union Pacific Chief Executive [...]

STB: Miller on board as member

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Surface Transportation Board Chairman Daniel Elliott III yesterday announced Deb Miller has been sworn in as the 12th board member since the agency was formed in 1996. She will serve a term that expires on Dec. 31, 2017. President Barack Obama nominated Miller for the STB post in September 2013 and the Senate confirmed the [...]

Rail companies to report fertilizer delivery plans

PIERRE, S.D. (AP) – A federal oversight board told Canadian Pacific Railway and BNSF Railway that they have until Friday to report their plans to ensure delivery of fertilizer shipments for spring planting of U.S. crops. The Surface Transportation Board’s decision Tuesday comes in response to a hearing it held last week on recent service [...]

Rail regulatory proposal would raise costs, cut service

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WASHINGTON – The nation’s freight rail industry this week will outline for the Surface Transportation Board (STB) the various negative impacts of a proposal to force non-market based requirements on railroads at the request of the National Industrial Transportation League (NITL). The proposal calls for the STB to override market forces by forcing Class I [...]

Class I employment flat in 4th quarter

The U.S. Class I workforce expanded slightly in November, then contracted a bit in December, according to employment data recently compiled and released by the Surface Transportation Board (STB). As of mid-November 2013, the large U.S. roads employed 163,199 people, up less than 0.1 percent from October’s level and 0.3 percent from November 2012′s count. [...]