Bloomberg reported that Canadian Pacific is seeking a declaratory order from the U.S. Surface Transportation Board regarding the proposed voting structure in its attempted acquisition of NS. Read the entire article here.
The Surface Transportation Board announced today that its staff will hold informal meetings with stakeholders between November 16, 2015 and December 7, 2015, on proposed rules for reporting railroad service performance data in the pending proceeding United States Rail Service Issues, EP 724. The meetings will enable the STB to better assess what types of […]
WASHINGTON, D.C. – The Association of American Railroads (AAR), leaders from its member railroads and economic experts today urged federal regulators to beware of upending numerous national economic goals if they choose to pursue re-instituting revenue caps on freight rail companies. Speaking before a Surface Transportation Board (STB) hearing on railroad revenue adequacy, AAR President and […]
Daniel R. Elliott III was sworn in June 26, 2015, as the Chairman of the Surface Transportation Board (STB), pledging to continue to promote transparency and to improve and streamline regulation of the Nation’s freight railroads. He was nominated to the STB by President Barack Obama on January 13, 2015 for a four year term […]
The Senate on June 22 easily confirmed the nomination of Daniel Elliott for a reappointment on the Surface Transportation Board. Elliott’s nomination was confirmed by voice vote. During his confirmation hearing, Elliott said he would ensure the board continues “to facilitate the resolution of service issues so that interstate commerce flows as smoothly and efficiently […]
U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, today held his second hearing as chairman entitled, “Freight Rail Transportation: Enhancing Safety, Efficiency, and Commerce.” The hearing focused on challenges facing our nation’s freight rail network created by higher demand, pending and proposed rules and regulations, and infrastructure needs. […]
The U.S. Class I workforce continued to enlarge last month. As of mid-November, the large railroads employed 169,845 people, up 0.4 percent from October’s level and 4.1 percent from November 2013’s mark, according to Surface Transportation Board employment data. Only the transportation (other than train and engine) workforce sector registered a month-over-month decline, dipping 0.3 percent […]
CALGARY – Canadian Pacific Railway Ltd. is selling a stretch of track in the northeastern United States to a major U.S. railway in a $217-million deal. Norfolk Southern plans to acquire nearly 455 kilometres of rail line from Delaware & Hudson, a CP subsidiary, between Sunbury, Pa., and Schenectady, N.Y. Read the complete story at […]