Regulatory

image
STB sets 2016 cost of capital The U.S. Surface Transportation Board has issued a decision determining the railroad industry's cost of capital for 2016. In Railroad Cost of Capital—2016, Docket No. EP 558 (Sub-No. 20), the Board found that the rail industry's after-tax cost of capital was 8.88% for 2016. For 2015, the cost of capital was 9.61%.

The luster is fading from Hunter Harrison’s “Dr. Fixit” image faster than an old jalopy’s back-alley paint job. His boisterous March arrival as CEO of CSX put in motion warp-speed, backfiring directives changing culture, operating practices and marketing practices. The results,...
The 50 shades of vexation venting from self-described captive shippers over delay by the Surface Transportation Board (STB) in considering their petitions to dilute rail regulatory freedoms is matched only by their asserting last year a contradictory 50 shades of...
fra-fmcsa-withdraw-proposed-sleep-apnea-rule
The Federal Railroad Administration and Federal Motor Carrier Safety Administration have withdrawn a proposed rule that would have regulated actions addressing sleep apnea for workers in safety-sensitive positions. The FMCSA posted a notice on its website Aug. 4 and the official...
Confirmation of career-railroader Ronald L. Batory as Federal Railroad Administrator has been delayed by New Jersey and New York’s Senate delegation—Minority Leader Charles Schumer (D-N.Y.), Kirsten Gillibrand ((D-N.Y.), Cory Booker (D-N.J.) and Robert Menendez (D-N.J.)—over what they say is concern...
jacobs-to-buy-ch2m-for-7b
Jacobs Engineering Group Inc. announced it would buy rival CH2M Hill Cos. Ltd. for $3.27 billion in cash and stock. The deal would give Jacobs, based in Dallas, a greater presence in the government services and infrastructure sector. It is a...

Confirmation of career-railroader Ronald L. Batory as Federal Railroad Administrator has been delayed by New Jersey and New York’s Senate delegation—Minority Leader Charles Schumer (D-N.Y.), Kirsten Gillibrand ((D-N.Y.), Cory Booker (D-N.J.) and Robert Menendez (D-N.J.)—over what they say is concern...
jacobs-to-buy-ch2m-for-7b
Jacobs Engineering Group Inc. announced it would buy rival CH2M Hill Cos. Ltd. for $3.27 billion in cash and stock. The deal would give Jacobs, based in Dallas, a greater presence in the government services and infrastructure sector. It is a...
senate-commerce-committee-advances-batory-fra-nomination
The U.S. Senate Committee on Science, Commerce and Transportation on Aug. 2 favorably recommended, by voice vote, the appointment of Ronald L. Batory as the next Federal Railroad Administrator. Batory’s nomination went to the full Senate for confirmation on Aug. 3....
csx-train-derails-spills-hazmat-in-western-pennsylvania
Thirty-two cars of a 178-car, 18,000-plus-ton CSX freight train carrying hazardous materials derailed early Wednesday, Aug. 2, in the small town of Hyndman (Bedford County), Pa., setting railcars and a garage on fire and prompting emergency officials to evacuate hundreds...
fta-nprm-promotes-transit-p3s
The Federal Transit Administration (FTA) has issued a Notice of Proposed Rulemaking, Private Investment Project Procedures (PIPP), “to facilitate public-private partnerships for public transportation capital projects that will help the federal government develop more-effective approaches to spurring private participation and...

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email