Tag: STB

Wall Street is boosting profits in railroads with new technology. But it’s ignoring the drawbacks

Freight rail doesn’t function without a strong workforce. BY PETER DEFAZIO for fortune.com In a commentary published in Fortuneearlier this month, Ike Brannon and Michael F. Gorman took great liberties in trying to debunk my concerns with precision scheduled railroading (PSR). Please allow me to set the record straight. I have served on the U.S. […]

Railroad industry worried about Biden executive order

By Ted O’Neil | The Center Square contributor for themercury.com (The Center Square) – An executive order signed by President Joe Biden that could force railroads to allow other operators to use their tracks could reduce competition and increase costs, according to industry experts. Biden’s order last week in part called on the independent Surface […]

Class I employment grew a bit in February

Published by progressiverailroading.com U.S. Class Is employed 114,068 people in mid-February, up 0.53% from mid-January but down 10.63% compared with employment during the same period a year ago, according to Surface Transportation Board data. Four of six employment categories registered employment increases in February compared with January’s level. They were: maintenance of way and structures, up 1.19% […]

US Class I rail headcount sinks to near decade low

Employment number lowest since January 2012 By Joanna Marsh for freightwaves.com The number of employees working for the U.S. operations of the Class I railroads in January fell to its lowest level in years, according to data received by the Surface Transportation Board. U.S. Class I railroad operations had 113,461 employees working in their ranks in […]

STB: Class I workforce grew in December

U.S. Class Is employed 117,770 people in mid-December 2020, up 2.44% from mid-November 2020, but down 10.43% compared with the same period in 2019, according to Surface Transportation Board (STB) data. Two workforce categories registered employment increases in December compared with November’s level. They were transportation (train and engine), which rose 5.67% to 49,069 workers; and maintenance […]

U.S. Class I workforce contracted in November, STB data shows

Published by progressiverailroading.com U.S. Class Is as of mid-November employed 114,960 people, down 1.58% from October’s level and down 13.71% from November 2019’s count, according to Surface Transportation Board (STB) data. Year over year, all workforce categories registered employment decreases. They were: maintenance of equipment and stores, down 21.94% to 18,242; transportation (train and engine), down 15.01% […]

Shippers, unions, railroads take sides at Senate hearing

Senate hearing comes amid ongoing congressional discussion over the reauthorization of the surface transportation bill By Joanna Marsh for freightwaves.com The debate about how much oversight Congress and the Surface Transportation Board (STB) should have regarding freight rail operations and rates took center stage at a hearing before the Senate Commerce Committee last week. At one corner was the Association […]

Freight railroads meeting harvest season needs, say shippers on STB advisory panel

Meeting also touches on possible redeployment ideas for small cube covered hoppers and an on-time performance tool created by utilities By Joanna Marsh for freightwaves.com Despite having locomotives in storage and personnel furloughed earlier this year due to the COVID-19 pandemic, U.S. freight railroads have been able to bring back resources and meet the needs […]

Regulating Rail Prices Would Be A Recipe For Disaster

Ike Brannon Contributor for forbes.com There are numerous ways to transport goods across the United States. When a good leaves the manufacturer it could go in a plane, a truck, a boat, or a train.  The government maintains and finances the infrastructure used for the first three modes (albeit insufficiently), but railroads finance their own […]

US rail headcount rises on monthly basis

Rail employment has been trending lower over the last five years By Joanna Marsh for freightwaves.com U.S. Class I rail employment levels rose between July and August on higher rail volumes. However, headcount totals are still significantly below year-ago levels. Ths U.S. operations of the Class I railroads employed 117,764 people in mid-August, up 0.46% […]

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August 2021