Federal regulators proposed that a railroad's tracks be opened to its rivals if the railroad falls to give customers reliable service.
Cost-cutting by America’s freight rails has allowed them to increase payouts to investors and made them winning stocks. But shippers and labor unions complain the cuts have hurt service and safety.
Impact from the Surface Transportation Board’s reciprocal switching proposal doesn’t seem imminent. The board will take public comments on the rule through late November. And if the rule were adopted, implementation would take time. The cost-cutting approach strategy adopted by most railroads is called “precision scheduled railroading”—and its spread has generated heated debate. The STB and Congress held hearings in which shipping customers complained about deteriorating service.
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New federal rule may help boost competition for railroad shipments at companies with few optionsCompanies with plants and factories that are only served by one railroad may soon be able to get a bid from another railroad if their current service is bad enough.
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New federal rule may help boost competition for railroad shipments at companies with few optionsCompanies with plants and factories that are only served by one railroad may soon be able to get a bid from another railroad if their current service is bad enough.
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New federal rule may help boost competition for railroad shipments at companies with few optionsRailroad shippers with plants that are only served by one railroad may soon be able to get a bid from another railroad if their current service is bad enough under a new rule that was proposed Thursday to help boost competition.
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Cleveland Law Department issues 99 violations for poor conditions at railroad bridges, propertiesThe City of Cleveland and its law department are getting tough on both CSX and Norfolk Southern railroad companies for what it calls poor conditions at bridges and railroad-owned properties citywide.
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