WASHINGTON – La Junta de Transporte Surface analizará más de cerca la propuesta de Norfolk Southern de controlar oficialmente la línea de cinturón de Norfolk y Portsmouth de Virginia Terminal. CSX le había pedido a la junta que revisara los problemas de competencia que involucran NS y NPBL. CSX y...
Class I railroads
STB to scrutinize NS bid to control Norfolk & Portsmouth Belt Line
WASHINGTON — The Surface Transportation Board will take a closer look at Norfolk Southern’s proposal to officially control Virginia terminal railroad Norfolk & Portsmouth Belt Line.
CSX had asked the board to review competition issues involving NS and NPBL.
CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since 1982 by virtue of its 57% ownership stake; CSX owns the other 43% of the railroad that was created as a neutral switching...
https://www.freightwaves.com/news/stb-to-scrutinize-ns-bid-to-control-norfolk-portsmouth-belt-line
Rail freight in US plays a vital role in the nation’s supply chain, experts say
ATLANTA — After the turmoil of Norfolk Southern’s proxy fight against an activist investor last month, Stefan Loeb said the shareholders’ vote showed confidence in the board’s performance.
While board chair Amy Miles lost her position, Norfolk Southern’s (NYSE: NSC) management mainly prevailed on May 9 in its battle to retain control of the Class 1 railroad, with Ancora Holdings winning only three seats on the board of directors.
“What it showed us is the strategy of a better way. The vote and...
7 hot issues for rail stakeholders in 2024
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Railroads, shippers and unions are tracking hot topics ranging from service improvement to...
https://www.freightwaves.com/news/7-hot-issues-for-rail-stakeholders-in-2024
FRA’s train crew size rule moves forward
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The Federal Railroad Administration has submitted its final rule on train crew staffing to the U.S....
https://www.freightwaves.com/news/fras-train-crew-size-rule-moves-forward
Improving rail service key to growing intermodal volumes: Consultant
Intermodal rail in 2024 is likely to still face pressure from the trucking market; however, market conditions for the overall freight transportation market also appear to be returning to pre-pandemic patterns, and so providing good rail service will be key in enabling intermodal rail to compete, according to Matt Muenster, chief economist for Breakthrough, a transportation management technology provider.
“Railways will likely experience headwinds in growing intermodal shipping in 2024,...
Derailment, safety, partnerships among rail’s big issues in 2023
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2023 seemed to kick off quietly for U.S. freight railroads: The industry had seen the resolution of...
https://www.freightwaves.com/news/derailment-safety-partnerships-among-rails-big-issues-in-2023
Class I railroad executives outline plans to bolster rail service
The ongoing theme of improving rail service as a means to capture market share away from trucking again appeared in comments from Class I railroad executives speaking at recent investor conferences.
To frame the discussion around rail service, CSX executives started by looking at what factors and conditions led market share away from rail to truck.
The railroads need to demonstrate that the service they provide is consistently reliable, according to CSX President and CEO Joe Hinrichs. who pointed...
https://www.freightwaves.com/news/class-i-railroad-executives-outline-plans-to-bolster-rail-service
STB chairman will not seek reappointment to agency
Surface Transportation Board Chairman Marty Oberman will not seek reappointment to the agency, the STB confirmed late Thursday.
STB spokesman Michael Booth said Oberman announced at the RailTrends conference in New York that he had decided against seeking reappointment, according to a news release from the board. The release said Oberman will continue to serve several months into next year, which is within his one-year holdover period. His current term is set to expire on Dec. 31 of this year.
STB...
https://www.freightwaves.com/news/stb-chairman-will-not-seek-reappointment-to-agency
STB gets earful on proposed rule for reciprocal switching
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The Surface Transportation Board recently closed the comment period for rail stakeholders to file...
https://www.freightwaves.com/news/stb-gets-earful-on-proposed-rule-for-reciprocal-switching