Regulatory

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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%.

csx-cut-785-jobs-in-july
CSX in a report to the Surface Transportation Board said employment fell from June to July fell by 785 to 22,313. Most of that, 588, was in the train and engine category. The railroad has been eliminating jobs since Hunter Harrison took...
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,...
stb-requests-csx-performance-data
The Surface Transportation Board on August 14 requested that CSX submit weekly specific service performance data to the Board's Rail Customer and Public Assistance office for purposes of ongoing calls between CSX senior management and STB staff. The regulator said the...
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The Federal Railroad Administration and Federal Motor Carrier Safety Administration have withdrawn a proposed rule that would have regulated actions addressing sleep apnea for workers in safety-sensitive positions.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...

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...
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The Federal Railroad Administration and Federal Motor Carrier Safety Administration have withdrawn a proposed rule that would have regulated actions addressing sleep apnea for workers in safety-sensitive positions.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...
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....

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