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Thank you, Betsy Morris (and the WSJ, too)
The Wall Street Journal has done a brilliant job of, as our Senior Consulting Editor Luther Miller likes to say, “making the obvious less obscure.”
February employment up from year ago, and from January
Figures released Tuesday by the Surface Transportation Board show Class I railroads employed 162,228 people in mid-February, up 0.90% from February 2012, and up a modest 0.11% from last January.
AAR pans STB review of coal rail rates
The Association of American Railroads Wednesday took issue with a decision by the Surface Transportation Board, issued Tuesday, "not to factor into their review of coal rail rates product and…
Keep railroads FREE to keep the economy moving
Congress, collectively, has “forgotten” the dark days of rail regulation and its own move to address it. That’s a threat to rail’s long-term viability.
Shippers ask STB to deliver a free lunch
The National Industrial Transportation League (NITL) and the American Chemistry Council (ACC) want the Surface Transportation Board to annul market forces and require that at least two Class I railroads…
January employment up year-over-year
Figures released Friday by the Surface Transportation Board show Class I railroads employed 162,043 people in mid-January 2013, up 1.2% from December 2012, though down 0.37%, or 609 employees, from…
Will face-time determine new DOT secretary?
It is said that the most dangerous place to stand is between a television camera and the publicity hungry Democratic Senator from New York, Chuck Schumer.
December employment up year-over-year
Figures released Friday by the Surface Transportation Board show Class I railroads employed 162,652 people in mid-December 2012, up 1.06 % from December 2011, though down a modest 0.07%, or…
Employment up year-over-year, past month
Figures released by the Surface Transportation Board show Class I railroads employed 162,766 people in mid-November, up 1.65% from November 2011, and up 0.20% from October 2012.
AAR to STB: Consider nat gas competition for coal rate cases
The Association of American Railroads (AAR) said Monday it has petitioned the Surface Transportation Board (STB) to initiate a rulemaking that would propose re-introducing indirect competition— specifically product and geographic…
Iowa Pacific acquires Cape Rail, Inc.
Chicago-based Iowa Pacific Holdings, LLC Tuesday announced its acquisition of a controlling interest in Cape Rail, Inc., and its subsidiaries, Massachusetts Coastal Railroad, LLC and Cape Cod Central Railroad.
Employment growth slows in September, dips from August
Figures released by the Surface Transportation Board Friday show Class I railroads employed 160,428 people in mid-September, up a modest 0.12% from September 2011, but down 1.39% (95 employees) from…
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.
August employment down from July
Class I railroad employment totaled 161,134 in August, down 0.54% from July, though maintaining an edge of 0.64% over August 2011, according to figures released Thursday by the Surface Transportation Board.
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.
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