What does the common carrier obligation mean for US railroads?
AskWaves defines what the common carrier obligation is and why the concept has garnered attention lately.
Railroads continue to play a significant role in North America’s economic infrastructure. According to the U.S. Department of Transportation Federal Railroad Administration, the U.S. rail freight network covers almost 140,000 route miles and is generally considered the largest, safest, and most cost-efficient freight system in the world. In addition, says the FRA, the almost $80 billion rail freight industry creates more than 167,000 jobs across the country.
In essence, rail freight companies charge businesses to carry cargo across their network of rails. Their rates are overseen by the Surface Transportation Board, a federal agency that regulates financial aspects of surface transportation. Major railroads in North America include Union Pacific Railroad, BNSF Railway, CSX, Norfolk Southern, Canadian Pacific Kansas City and Canadian National Railway.
Keep up with the latest news, trends and reports concerning rail freight transport here!
AskWaves defines what the common carrier obligation is and why the concept has garnered attention lately.
U.S. freight railroads and a rail union disagree over what’s the best way to deploy enhanced track geometry inspections.
The port is undergoing a modernization initiative and aims to double container capacity as part of a broader effort to attract market share from Northeast and Midwest customers.
A bipartisan group of U.S. senators wants the Surface Transportation Board to take action to address service delays and congestion on the freight rail network.
Georgia Central Railway will serve Hyundai Motor Group’s $5.5 billion-dollar electric vehicle and battery manufacturing facility near Savannah.
A U.S. federal appeals court ruled that four Class I railroads must bear the burden on what internal documents can be excluded from two lawsuits about fuel surcharges and price fixing activity in the early 2000s.
In the wake of the latest deadly shootings, Democratic lawmakers urge carriers to tighten firearm security measures.
Tampa Electric says rail service issues are why the power company isn’t receiving enough coal from CSX, according to a filing to federal regulators. But CSX says the problem lies with reduced production at the coal mine.
It was another record month for GPA, with container volumes up by over 6% year-over-year.
BNSF has made some changes to the attendance policy that it implemented in February, but unions say the changes don’t go far enough to prevent worker fatigue.
FreightWaves founder and CEO Craig Fuller lays out the premise of Freedom Trade.
The board could adopt reciprocal switching and first-mile and last-mile data collection, according to comments made by STB Chairman Marty Oberman at a U.S. House subcommittee hearing last week.
Advocates for freight and passenger rail in Texas are pressing legislators to pursue federal grant opportunities that would bolster short lines and intercity rail.
Fourteen projects received matching grants to upgrade track and bridges.
Two bills, one before the New York State Senate and another before the New York State Assembly, would require Class I and Class II railroads to have a minimum train crew size.
Norfolk Southern issued green bonds in 2021 that enabled it to fund $496 million in projects that aimed to lower carbon emissions.
Rail investors and observers think the Class I railroads’ efforts to bolster train and engine crew counts will improve rail service in the second half of this year. But geopolitical, economic and regulatory uncertainties also abound.
April volumes at the Port of Virginia in Norfolk were at the second highest in port history, right behind December 2021.
A 34% increase in retail imports is driving cargo volumes higher, SC Ports said.
Transport Canada’s proposed changes affect waybill reporting requirements for long-haul interswitching and they detail new traffic reporting requirements for smaller Class I operations.