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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 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…
June employment up for month and for year
U.S. Class I railroads employed 163,159 workers in mid-June, up 0.38% from May and 2.40% from June 2011.
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…
Maintenance workers pace April rail employment gains
Led by increases in rail maintenance of way and structures employees, U.S. Class I railroads employed 161,876 workers in mid-April, up 3.25% from April 2011 and also up 0.84 from…
STB OKs reopening Adirondack rail route
The Surface Transportation Board on May 14 approved a request by Iowa Pacific Holdings to reopen a rail route deep in Adirondack State Park, N.Y., dismissing protests from an environmental…
BNSF, UP ordered to pay rate reparations
The Surface Transportation Board has ordered BNSF and Union Pacific to pay reparations totaling $9,244,144 to Arizona Electric Power Cooperative for rate overcharges for the movement of utility coal.
Rail employment rises across-the-board
U.S. Class I railroads employed 160,523 workers in mid-March, up 3% from March 2011 and 0.81% from February 2012.
Oklahoma short line gets trackage rights
The Surface Transportation Board Wednesday announced approval of a trackage rights exemption sought be WFEC Railroad Co. "to grant limited nonexclusive overhead trackage rights to Kiamichi Railroad LLC (KRR), over…
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