Regulatory

image
Oregon OKs CBR terminal expansion One day after Oregon denied a permit for a coal export terminal on the Columbia River, a separate state body has approved plans to expand a crude-by-rail (CBR) transfer terminal serving trains and barge traffic.

tsb-cites-lax-transport-canada-oversight-in-lac-mégantic-disaster
Chronic laxity by Canada’s transportation regulator is identified by the country’s accident investigator as the primary underlying cause of the July 6, 2013 derailment and explosion at Lac-Mégantic, Quebec, of a Montreal, Maine & Atlantic train carrying 7.7 million liters...
stb-summons-cp-bnsf-to-service-hearing
The Surface Transportation Board late Monday, Aug. 18, 2014, announced it will hold a public field hearing on Sept. 4, 2014 "to provide interested persons and parties the opportunity to report on service problems in the United States rail network,...
oregon-rejects-coal-export-terminal-plan
Oregon's Department of State Lands on Monday, Aug. 18, 2014, denied a permit for construction of a coal export project on the Columbia River to bolster international coal export. The decision puts additional pressure on the coal industry and western North...
harris-county-mta-eyes-up-right-of-way
Metropolitan Transit Authority of Harris County, Tex, (Houston's METRO) has filed a motion with the Surface Transportation Board to formally acquire nearly 58 miles of right-of-way from Union Pacific Railroad . STB Docket No. FD 35846, published Thursday, Aug. 14, 2014,...
dot-nprm-bumps-up-freight-car-builder-stocks
The U.S. Department of Transportation’s Notice of Proposed Rulemaking on DOT 111 tank cars for crude oil and HHFTs (High-Hazard Flammable Trains), specifically the NPRM’s proposal for phasing out older, pre-CPC-1232 tank cars, could worsen the crude oil tank car...

harris-county-mta-eyes-up-right-of-way
Metropolitan Transit Authority of Harris County, Tex, (Houston's METRO) has filed a motion with the Surface Transportation Board to formally acquire nearly 58 miles of right-of-way from Union Pacific Railroad . STB Docket No. FD 35846, published Thursday, Aug. 14, 2014,...
dot-nprm-bumps-up-freight-car-builder-stocks
The U.S. Department of Transportation’s Notice of Proposed Rulemaking on DOT 111 tank cars for crude oil and HHFTs (High-Hazard Flammable Trains), specifically the NPRM’s proposal for phasing out older, pre-CPC-1232 tank cars, could worsen the crude oil tank car...
stb-backs-chsra-second-segment
The Surface Transportation Board has ruled that the California High-Speed Rail Authority "is authorized to construct a 114-mile high-speed passenger rail line between Fresno and Bakersfield, Cal., subject to environmental mitigation conditions," thus giving the state's high speed rail effort...
dot-crude-oil-nprm-will-cooler-heads-prevail?
A recent call-in forum on crude by rail conducted by Cowen and Company Managing Director and Railway Age Contributing Editor Jason H. Seidl “helped affirm our view that the final version of the DOT’s safety rules may include some changes to...
stb-sets-2013-railroad-cost-of-capital-at-1132
The Surface Transportation Board on July 31, 2014 issued its decision calculating the railroad industry’s after-tax cost of capital for 2013 as 11.32%, a slight increase over 2012’s 11.12%. The cost-of-capital figure represents STB’s estimate of the average rate of...