Day: May 6, 2022

STB to Require Four Class Is to Submit Plans on How to Fix Service Crisis

By Justin Franz for railfan.com The U.S. Surface Transportation Board announced Friday that all seven Class I railroads will have to submit reports on rail service, performance and employment, and four of them will need to provide plans on how they will get service back on track.  The request for more information and transparency comes […]

Unrehearsed, Unpolished, Inexperienced

Written by David Nahass, Financial Editor for railwayage.com FINANCIAL EDGE, RAILWAY AGE MAY 2022 ISSUE: Sports journalists say they don’t root for teams; they root for stories. At “Financial Edge,” the circumstance is the same. There always needs to be something to write about. Nonetheless, at its heart, “Financial Edge” roots for the railroads. The […]

What’s Next For Class I Railroads After That Tense STB Hearing?

By Justin Franz for railfan.com After a fiery two-day hearing in Washington D.C., about the ongoing Class I service crisis, many in and out of the rail industry are asking “What’s next?”  After receiving an avalanche of complaints from shippers and railroaders about the state of rail service, the U.S. Surface Transportation Board demanded that […]

Rail Decline May Turn Into National Security Issue

Shippers, unions and the STB believe cost cutting has gotten out of hand. By David Sparkman for mhlnews.com The service deterioration on the nation’s Class 1 railroads is approaching the point of becoming a national security issue, shippers informed the Surface Transportation Board (STB) at hearings held April 26-27, where they described how it already […]

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