Surface Transportation Board Chairman Marty Oberman expressed doubt that the four major U.S. Class I railroads could ramp up rail service and reach the service targets they laid out by December.
In response to deteriorating service metrics, the STB in June required Union Pacific (NYSE: UNP), BNSF (NYSE: BRK.B), CSX (NASDAQ: CSX) and Norfolk Southern (NYSE: NSC) to resubmit plans detailing how they expect to improve rail service through the end of the year.
“I have to say that if you look at the...
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