Tuesday, April 07, 2009

STB schedules hearing on rail costing

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The Uniform Railroad Costing System (URCS) used by the Surface Transportation Board to determine a railroad's variable costs is coming under new scrutiny. URCS calculates system-average variablecosts for each Class I railroad each year. The data is used in railroad rate cases and other regulatory proceedings.

The STB has scheduled a public hearing April 30 "to determine whether, and to what extent, modifications are needed to account forrecent changes in agency procedures, to improve system outputs, and to furtherthe national rail transportation policy set by Congress."

Intent to participate in the hearing should be communicatedto the board no later than April 23. Notice of the hearing is availablefor viewing and downloading at www.stb.dot.gov under E-LIBRARY.