(Source: Progressive Railroading, July 20, 2015)
The Surface Transportation Board (STB) will hold a public hearing Wednesday and Thursday to examine railroads’ “revenue adequacy” and issues related to how the board calculates the railroad industry’s cost of equity capital.
Meanwhile, the STB also reported the latest U.S. Class I workforce employment data. As of mid-June, the large U.S. railroads employed 172,327 people, down 0.36 percent from May’s level but up 3.72 percent compared with June 2014’s count. The number of transportation (train and engine) workers dropped 1.48 percent to 71,098.
Full story: Progressive Railroading