(Source: Trains.com, September 18, 2024)
At the opening of today’s Surface Transportation Board hearing on the lack of rail freight volume growth, Vice Chair Karen Hedlund said she was still struck by what she heard the day before from analysts and shippers and Class I railroad executives. “What we heard yesterday was a tale of two cities. And I’m still trying to get my head around it,” she says. “From our economists and consultants, we heard a pretty grim story. From our Class I railroads, ‘Hey! Look at all the investments we’re making! We’re just doing great!’ And somewhere in between we have to figure out what’s really going on.”
Full story: Trains.com