Several rail shippers had asked the Surface Transportation Board to temporarily suspend a proceeding on a voluntary arbitration program for small rate disputes, but the board denied that request.
A panel of economic experts weighs in on the future of the Surface Transportation Board and the rail industry itself.
The independent federal rail agency is looking at the market factors determining exemption from board oversight. The board also separately declared five Class I railroads as being revenue adequate in 2019.
Proposal providing relief for shippers could be rolled out next year.
Stakeholders address the Surface Transportation Board, which is mulling over whether it should change the way it defines revenue adequacy.
Three Class I U.S. rail operations earned enough returns on investment in 2018 to support their capital projects.
The Surface Transportation Board is considering initiating a more formal review of how it resolves rail rate disputes.
Rail shippers could gain more leverage in rate disputes should the Surface Transportation Board (STB) proceed with its staff recommendations for how to reform rate review methodologies.
