The Illinois Commerce Commission (ICC) recently approved its annual five-year Crossing Safety Improvement Program (FY 2024-2029) to “implement life-saving upgrades at highway-rail crossings across Illinois.”
Gus A. Owen, a Republican Member of the Interstate Commerce Commission (ICC) and its successor Surface Transportation Board (STB) from Oct. 4, 1994 to Dec. 31, 1998, died Dec. 17, 2022 at age 89.
The Surface Transportation Board (STB) has adopted for fourth-quarter 2022 the rail cost adjustment factor (RCAF), defined as “an index formulated to represent changes in railroad costs incurred by the nation’s largest railroads over a specified period of time.”
On 74 acres in central Virginia, there graze for commercial production some two-dozen Himalayan yaks—a largely fat-free, shaggy, handlebar-horned and oft cantankerous animal first imported to North America during the 19th century. If the connection of yak and its fat to transportation economic regulation is not obvious, blame your youth, as more than half a century has passed since the Great Yak Fat Caper of 1965 entered railroad lore—a dirty-trickster’s fraud now indelibly stained on the Interstate Commerce Commission’s (ICC) reputation, and, by association, its Surface Transportation Board (STB) successor.
Even The New York Times, the nation’s newspaper of record, missed, in its lengthy obituary, the absorbing connection between railroads and former Republican Sen. Warren Rudman of New Hampshire, who died Nov. 19 at age 82.
