Surface Transportation Board Reauthorization Act of 2015

STB Approves CPKC Voting Trust (UPDATED)

The Surface Transportation Board on May 6 approved, by unanimous vote, a voting trust for Canadian Pacific’s proposed merger with Kansas City Southern. “The Board finds that formal Board review of the voting trust agreement proposed for use in connection with this transaction is warranted and determines that the proposed arrangement is acceptable with certain modifications,” STB wrote in Docket No. FD 36500.

STB: Now (Finally) There Are Five

Robert Primus and Michelle Schultz, whose confirmation as the fourth and fifth members of the U.S. Surface Transportation Board have been on hold for months, were confirmed by the U.S. Senate late on Nov. 18. They are expected to be sworn in shortly, giving the STB its full complement of five members, a number set by the 2015 Surface Transportation Board Reauthorization Act.

STB: Heed Seriously the Yak Fat Ghost

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.

STB 3Q report to Congress: We’re working on it

In its Third-Quarter 2017 report to the Senate Committee on Commerce, Science and Transportation-Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and Security, the Surface Transportation Board provided an update on no fewer than nine pending STB regulatory proceedings, “matters that may be of interest”:

Dan Elliott departing STB

Former Surface Transportation Board (STB) chairman and now STB member Dan Elliott announced Sept. 25 he is resigning Sept. 30 to join, in early October, the Washington, D.C., office of the law firm, Connors & Winters, whose specialization is employee compensation, health and benefit plans, and employment law.