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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…
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…
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.
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…
DOT NPRM helps bump 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,…
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…
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…
STB sets 2013 railroad cost of capital at 11.32%
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…
Analysts, legal and financial experts weigh in on DOT’s HHFT NPRM
The Notice of Proposed Rulemaking issued by the U.S. DOT for HHFTs (High-Hazard Flammable Trains) hauling crude oil and other commodities the DOT deems hazardous in tank cars has produced…
DOT issues open-ended NPRM on CBR, other flammable fuels
The U.S. Department of Transportation on Wednesday, July 23, 2014, issued a long-anticipated Notice of Proposed Rulemaking (NPRM) involving a new, stricter set of rules for crude-by-rail (CBR) train movements…
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