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STB sets 2014 rail cost of capital at 10.65%
The Surface Transportation Board has set the rail industry’s 2014 after-tax cost of capital at 10.65%, some 6% lower than the 2013 figure of 11.32%.
STB extends deadline on Tongue River Railroad Draft EIS
The Surface Transportation Board’s (STB) Office of Environmental Analysis (OEA) has issued a notice extending the deadline—for a second time—for filing comments on the Draft Environmental Impact Statement (EIS) for…
EIA reports rise in oil shipments from Rocky Mountain states
Based on data from the Surface Transportation Board (STB) and Petroleum Supply Monthly, the U.S. Energy Information Administration has reported that rail and pipeline shipments of crude oil from the…
Elliott sworn in as STB Chairman
Daniel R. Elliott III was sworn in as the Surface Transportation Board’s (STB) Chairman on June 26, 2015, pledging to promote transparency and improve and streamline regulation of the nation’s…
Unemployed no more, Elliott returns to STB
Following almost six months of unemployment, and nearly a year of dining on the gristle of uncertainty, Dan Elliott is returning to the Surface Transportation Board following voice-vote Senate confirmation…
Senate passes S.808
The U.S. Senate on June 19, 2015 passed S.808, the Surface Transportation Board Reauthorization Act of 2015, which would authorize appropriations for STB programs, establish the STB as a government…
AAR defends grain rates at STB hearing
Testifying at a June 10, 2015 Surface Transportation Board hearing on the shipment of grain by rail, representatives from the Association of American Railroads legal and economic policy departments said…
New rail study: “Policy must tolerate market power”
For more than three decades, railroad regulators have used the same method to determine which shippers are captive; and, if so, to determine a remedy to limit railroad market power…
STB sets grain rate regulation hearing agenda
The Surface Transportation Board has announced the speakers for the Board’s June 10, 2015 public hearing, Rail Transportation of Grain, Rate Regulation Review, Docket No. EP 665 (Sub-No. 1), to…
Shippers hoist by own petard at House hearing
Poor Mr. Dooley—Calvin, that is, president of the American Chemistry Council and not the fictional Mr. Dooley created during the late 19th century by humorist Finley Peter Dunne. The latter…
Rails to Congress, STB: “If in doubt, don’t”
Successful baseball pitchers learn to throw first-pitch strikes and stay aggressive in the strike zone when their team is in the lead. Life imitates baseball, meaning railroad spokespersons will serve…
Railroads free, leave us be!
Freedom from excessive regulation helped transform the freight railroads into the most cost effective of all transportation modes. There’s no reason to change that.
STB nominee reflects a shipper tilt
Paint former Surface Transportation Board (STB) Chairman Dan Elliott a darling of the National Industrial Transportation League (NITL), a shipper organization asking the STB to require—through so-called open access—that two…
Dan Elliott’s STB renomination hearing: May 6
Former Surface Transportation Board (STB) Chairman Dan Elliott, whose renomination to a second five-year term has been on ice since November, will have a Senate Commerce Committee confirmation hearing May…
Uncertainty clouds key rail bills in Senate
Two bills of substantial importance to railroads—Staggers Rail Act revisions as part of reauthorization of the Surface Transportation Board (STB), and extension of the deadline to implement Positive Train Control…
Senate bill would mandate STB reforms
It is shipper-friendly legislation with which freight railroads probably can live. And while it’s not all the stuff so-called captive shippers would prefer—such as mandatory caps on rail rates and…
Implications aplenty in Supreme Court Amtrak ruling
The Supreme Court March 9 sent back to a federal appellate court for reconsideration a freight railroad challenge to a provision of the 2008 Passenger Rail Investment and Improvement Act…
January employment gains mask monthly drop
Figures released by the Surface Transportation Board Monday, February 23, 2015, show total Class I railroad employment as of mid-January 2015 rose 1.41% over January 2014 levels, but retreated 3.67%…
Class I employment gains in December
Figures released by the Surface Transportation Board Wednesday, Jan. 21, 2015, show total Class I railroad employment as of mid-December 2014 rose 4.93% to 170,841, from mid-December 2013, and also…
A second act at STB for Dan Elliott?
Proving once again he has more lives than cartoon character Wile E. Coyote, former Surface Transportation Board (STB) Chairman Dan Elliott is poised to receive his second White House renomination.…
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