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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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