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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…
Class I employment registers gains
Figures released by the Surface Transportation Board on June 17, 2014 show Class I total railroad employment rose 1.13% to 166,097 in mid-May 2014, measured against mid-May 2013, and was…
Class I employment registers modest monthly gain
Figures released by the Surface Transportation Board show total Class I railroad employment as of mid-March 2014 rose 0.40%, to 162,968, from the same period in February 2014, and registered…
AAR responds to service questions raised at STB hearing
Following an April 10, 2014 Surface Transportation Board hearing on railroad service issues, the Association of American Railroads issued a statement in response to questions that have been raised.
House T&I to STB: Look before you leap
On March 25-26, 2014, the Surface Transportation Board (STB) will hold a public hearing on a petition by the National Industrial Transportation League (NITL) to modify STB’s standards for mandatory…
2014: Railroads face problematic Washington landscape
Take it from an iron horse’s mouth that if it ain’t one damn thing, it’s another, and 2014 will present for railroads a repast of challenges on Capitol Hill, before…
STB decision upholds federal preemption of state statutes
The Surface Transportation Board has ruled that claims filed against Norfolk Southern in certain Virginia state court lawsuits are preempted by federal law. STB, in “NORFOLK SOUTHERN RAILWAY COMPANY—PETITION FOR…
STB: UP, NS revenue-adequate for 2012
The U.S. Surface Transportation Board on Oct. 17, 2013 released its findings on U.S. Class I railroad revenue adequacy for 2012, and found that only two carriers—Union Pacific and Norfolk…
Train and engine crew employment climbs in July
Employment figures released by the Surface Transportation Board for July 2013 show that Class I railroads employed 163,956 people, up 1.20% from July 2012, though down 0.31%, from the previous…
STB adopts final PTC expenses and investments reporting rules
On Aug. 14, 2013, the Surface Transportation Board adopted final rules for the reporting of positive train control (PTC) expenses and investments for Class I railroads.
STB schedules hearing on mandatory competitive switching
The Surface Transportation Board has scheduled an Oct. 22, 2013 public hearing to explore issues surrounding the National Industrial Transportation League (NITL) petition to modify the Board’s standards for mandatory…
Rail cost of capital fell slightly in 2012
The Surface Transportation Board announced Friday, Aug. 2, 2013, that it has determined that the rail industry’s after-tax cost of capital was 11.11%. Last year, the cost of capital was…
AAR fires at NITL over forced switching proposal
Like a U.S. Navy destroyer unleashing all of its weapons simultaneously, the Association of American Railroads has launched a strongly worded attack on the National Industrial Transportation League’s proposal to…
For whom does the STB bell toll?
With the Obama nomination of Anthony Foxx to become the next transportation secretary, chatter now focuses on the successor to Frank Mulvey at the three-member Surface Transportation Board (STB).
STB says no to UP TIH petition
The Surface Transportation Board announced May 1 that it has denied Union Pacific’s (UP) petition requesting that the Board find reasonable certain UP tariff provisions requiring shippers of Toxic-by-Inhalation Hazardous…
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.”
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…
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