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Morgan Stanley: “Few new risks" from D.C.
A newly released report from Morgan Stanley Research North America on the post-election rail regulatory landscape suggest that rail investors “have few new risks to fear from Washington.”
STB takes new look at "paper barriers"
The Surface Transportation Board has announced a proposal to require disclosure of additional information concerning interchange commitments—known as "paper barriers"—underlying a lease or rail-line sale filed with the board.
STB: NS and UP "revenue adequate" in 2011
The Surface Transportation Board announced Wednesday its determination that two of the five major U. S. freight railroads, Norfolk Southern and Union Pacific, were "revenue adequate" in 2011. This means that their…
GWI completes RailAmerica acquisition
Genesee & Wyoming Inc. Monday said it has completed its acquisition of RailAmerica, Inc., and also "entered into a new five-year Senior Secured Credit Facility comprised of a $1.875 billion…
STB to Berkshire Hathaway: Divest two railroads
The Surface Transportation Board has directed BNSF Railway's parent, Berkshire Hathaway, to "promptly remedy its noncompliance with railroad control requirements" stemming from its acquisition of BNSF in 2010.
Rail cost of capital rises to 11.57%
The Surface Transportation Board announced Friday that it had determined the railroad industry's after-tax cost of capital for 2011 to be 11.57%, compared with 11.03% for the prior year.
STB will weigh GWI/RailAmerica merger
The Surface Transportation Board Wednesday said it "accepts for consideration the application filed August 6, 2012, by Genesee and Wyoming Inc. (GWI) and RailAmerica, Inc. (RailAmerica), seeking Board approval for…
FRA says PTC deadline won’t be met
The Federal Railroad Administration says substantial progress has been made in establishing Positive Train Control (PTC) in the U.S., but acknowledges that the congressionally mandated deadline to do so, Dec.…
Amid political background, NS TV ad debuts
Norfolk Southern Monday said it has launched "a new television commercial that showcases the railroad's role as a creator of economic possibilities – a powerful force for growth among the…
The STB’s seemingly new regulatory aggressiveness
The Surface Transportation Board, which has put as much effort into not attracting attention to itself as it has to deciding disputes between railroads and their customers, seems to be…
STB keeps rate-case fees low
The Surface Transportation Board's latest update of fees shippers must pay to file cases and pleadings, released Friday, contains some increases but leaves unchanged the current $350 fee charged shippers…
STB seeks to “protect captive shippers”
The Surface Transportation Board Wednesday announced "two initiatives to explore ways to further protect captive shippers from unreasonable rail rates." STB said it proposes to reform its rules on how…
ASLRRA: 51 Senate cosponsors for tax credit
The American Short Line and Regional Railroad Association (ASLRRA) Friday said it had reached a major milestone "by securing the 51st Senate co-sponsor of legislation to extend the short line…
FRA, OSHA act to protect whistleblowers
The Federal Railroad Administration and the Occupational Safety and Health Administration announced Monday an agreement "to improve coordination between the two agencies in enforcing the whistleblower provision of the Federal…
Railroad Development Corp. wins legal battle
Pittsburgh-based Railroad Development Corp. Thursday said it "has prevailed in its five‐year international arbitration against the Republic of Guatemala brought under the Dominican Republic‐Central America Free Trade Agreement (CAFTA)."
Transport bill maps course for two years
MAP-21, Moving Ahead for Progress in the 21st Century, is the latest "ISTEA" transportation funding measure approved by Congress June 29, laying out $127 billion in federal ground transport funding…
Case against coal heats up—again
A ruling by the U. S. Court of Appeals for the District of Columbia has cast new doubt on the future of coal as a source of electricity it for Americans—and a…
Blaine Emerson Capehart, 104
Blaine Emerson Capehart, a key member of Capehart Scatchard, died June 23 at age 104.
Rail employment dips in May, but ahead of 2011
U.S. Class I railroads employed 161,191 workers in mid-May, down 0.42% from the previous month (161,876), but still ahead of March's 160,523 workers employed, according to data provided by the…
Canadian shippers await promised service law
Canada's Coalition of Rail Shippers (CRS) issued a statement Monday applauding the Minister of Transport, Denis Lebel, for reconfirming his commitment to "introduce a bill which would give shippers the right to service…
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