Four Class I railroads want the Surface Transportation Board to pause the implementation of an arbitration program to resolve rail rate disputes involving smaller financial amounts.
CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP) and the U.S. subsidiaries of Canadian railway CN (NYSE: CNI) argue that STB’s deadline for the Class I railroads to commit to a five-year arbitration program as prescribed in STB’s December order is too soon.
They contend that the sign-up...
https://www.freightwaves.com/news/4-class-i-railroads-seek-stay-of-federal-order-for-rate-disputes