Rail shippers largely welcome a reciprocal switching rule proposed last week by the Surface Transportation Board, but some wish it did more to incentivize rail competition.
A rail shipper analyzed SEC filings and found four institutional investors own about 20% of three Class I railroads and classify themselves as passive.
Congress should fund the Surface Transportation Board, agreed panelists at a U.S. House hearing on the board’s funding reauthorization. But they disagree on what STB’s role should be in regulating the freight railroads.
Access to interchanges, treatment of American grain shippers compared to Canadian ones and service impacts weigh on shippers’ minds as they evaluate the proposed merger between Canadian Pacific and Kansas City Southern.
A trio of shippers groups, CN, Kansas City Southern and Canadian Pacific offer their takes on whether the voting trust associated with the proposed CN-KCS merger is or isn’t in the public interest.
