Story by Mary Kennedy, DTN Basis Analyst
MINNEAPOLIS (DTN) — The Surface Transportation Board on Friday announced it will require all seven Class 1 railroads to send regular progress reports on service, operations and employment while the STB assesses the need for further action to help resolve the current problems.
The STB also will require BNSF Railway, CSX Transportation, Norfolk Southern Railway and Union Pacific to file service recovery plans explaining the “specific actions that each carrier will take to improve service and the specific metrics by which it will evaluate its progress toward such improvements.”
The board decision comes after heated testimonies during the recent two-day hearings April 26-27 as the STB heard from rail shippers and labor unions about deteriorating service, staff shortages and low employee morale.
The recovery plans will require timelines for key service performance indicators for the past three years and targets each rail line expects to hit after the end of the six-month reporting period.
Read more of this story from our partners at DTN/Progressive Farmer here: https://www.mydtn.com/agriculture/web/ag/news/blogs/blog-post/2022/05/06/surface-transportation-board-submit