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STB adopts final PTC expenses and investments reporting rules
On Aug. 14, 2013, the Surface Transportation Board adopted final rules for the reporting of positive train control (PTC) expenses and investments for Class I railroads.
MM&A loses Canadian operating license
The Montreal, Maine & Atlantic lost its license to operate in Canada on Tuesday, August 13, after regulators there decided it doesn’t carry enough liability insurance, Maine’s Portland Press Herald…
STB schedules hearing on mandatory competitive switching
The Surface Transportation Board has scheduled an Oct. 22, 2013 public hearing to explore issues surrounding the National Industrial Transportation League (NITL) petition to modify the Board’s standards for mandatory…
U.S. Appeals Court reverses Class I price-fixing decision
Union Pacific Corp., CSX Corp., Norfolk Southern Corp., and Burlington Northern Santa Fe (a unit of Berkshire Hathaway Inc.) have won their bid to reverse a ruling that turned a…
Three found guilty in LIRR disability fraud case
Three people have been convicted of disability fraud, enabling hundreds of Long Island Rail Road retirees to garner additional funds through the federal Railroad Retirement Board illegally over several years.
MM&A to cease crude-by-rail haulage
The Montreal, Maine and Atlantic Railway will cease transporting oil by rail, Chairman Ed Burkhardt has announced, ending crude-by-rail transport over MM&A right-of-way from North Dakota's Bakken formation to a…
California court dismisses LA Expo Line suit
The California State Supreme Court, in an opinion issued Monday, Aug. 5, 2013, dismissed objections from "Neighbors for Smart Rail" objecting to Phase 2 construction of the Los Angeles Metro…
Rail cost of capital fell slightly in 2012
The Surface Transportation Board announced Friday, Aug. 2, 2013, that it has determined that the rail industry’s after-tax cost of capital was 11.11%. Last year, the cost of capital was…
Maine weighs options for MM&A traffic
As speculation rises over the future of the Montreal, Maine & Atlantic Railway (MM&A) following the July 6, 2013 derailment in Lac-Megantic, Quebec, officials in Maine are pondering options for…
Whatever can they be thinking?
Blame it on phases of the moon, a drop on the head as a baby, or a genetic disorder—but, whatever the cause, there seemingly is an increase in self-destructive and…
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