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STB: U.S. Class I employment decline continued in October

(Source: Progressive Railroading, November 27, 2019) Class Is as of mid-October employed 134,582 people, down 1.67 percent from mid-September’s level and down 9.51 percent from October 2018’s count, according to Surface Transportation Board (STB) data. All...

Class I rail employment hits new low

(Source: Freight Waves, November 26, 2019) CHATTANOOGA, Tenn. — Employee headcount levels for the U.S. rail operations of Class I railroads hit a new low in October amid a slump in U.S. rail traffic and the transition to precision scheduled railroading (PSR). The...

STB: U.S. Class I workforce down in September 2019

(Source: Progressive Railroading, October 28, 2019) Class Is as of mid-September employed 136,865 people in the United States, down 1.74 percent from mid-August’s level and down 7.63 percent from September 2018’s count, according to Surface Transportation...

STB’s cost of capital dilemma

(Source: Railway Age, October 15, 2019) NEW YORK — The Surface Transportation Board (STB) proposes to change the formula for computing the cost of the equity component of the railroad industry’s cost of capital. This is of consequence to railroads, shippers and...

STB issues two proposed rulemakings

(Source: Freight Waves, October 2, 2019) CHATTANOOGA, Tenn. — The Surface Transportation Board (STB) has been busy lately. The Board issued two proposed rulemakings on September 30, while an August decision regarding fuel surcharges has led a coalition of shippers’...

August employment level reaches new low at U.S. railroads

(Source: Freight Waves, September 21, 2019) CHATTANOOGA, Tenn. — The total number of employees working for the U.S. operations of Class I railroads in August sank to its lowest level in years, according to an analysis of data from the Surface Transportation Board. The...

Class I employment fell in all categories during August 2019

(Source: Progressive Railroading, September 19, 2019) In mid-August, U.S. Class Is employed 139,284 workers, down 1.01 percent from mid-July and down 5.98 percent from mid-August 2018, according to Surface Transportation Board employment data. On a month-over-month...

STB proposes rules to make contesting rates easier

(Source: Freight Waves, September 13, 2019) CHATTANOOGA, Tenn. — The Surface Transportation Board (STB) is seeking feedback on two proposed rules aimed at making rail rate review procedures more efficient and accessible, especially for smaller shippers. One proposed...