Associations representing private railcar owners are rebutting responses to their request that the Surface Transportation Board institute a rulemaking updating the demurrage and accessorial rules governing the railroads’ use and handling of their equipment.
Total U.S. rail traffic was 528,547 carloads and intermodal units for the week ending Jan. 16, 2021—up 5.8% compared with the same week last year, building upon intermodal’s continued strength, the Association of American Railroads reported on Jan. 20..
Association of American Railroads President and CEO Ed Hamberger and Railway Age Editor-in-Chief William C. Vantuono discussed a wide range of issues affecting the railroad industry at the third annual Rail Insights conference, held June 7-8 in Chicago. Contributing Editor Jim Blaze offers the following takeaways and observations:
The Trump Administration on April 26 released a proposed overhaul of the federal income tax system that promises to simplify the tax structure as well as reduce the rate at which large corporations are taxed to 15%.
The Association of American Railroads (AAR) released on June 13, 2016 a “State of the Industry Report” featuring new research from Towson University Regional Economic Studies Institute (RESI) that finds spending by the seven largest U.S. railroads created $274 billion in economic activity, generated nearly $33 billion in state and federal tax revenues and supported nearly 1.5 million jobs nationally in 2014 alone.
