Economy

mahatmakanejeeves

(61,041 posts) Mon Apr 18, 2022, 11:59 AM Apr 2022

U.S. lawmakers hear pros, cons of STB regulation

Rail News Home Federal Legislation & Regulation April 2022

Rail News: Federal Legislation & Regulation

U.S. lawmakers hear pros, cons of STB regulation

By Julie Sneider, Senior Associate Editor

The U.S. House Subcommittee on Railroads, Pipelines and Hazardous Materials held a hearing March 8 to collect stakeholder input on the Surface Transportation Board's (STB) role in regulating the freight-rail industry.

The proceeding was held as the subcommittee's members prepare for STB reauthorization legislation, subcommittee Chair Donald Payne Jr. (D-N.J.) said in prepared remarks.

Speakers included House Transportation and Infrastructure Committee Chairman Peter DeFazio (D-Ore.) and representatives from Amtrak and the freight-rail industry, such as rail shippers, associations and unions.

Several of them called out Class Is for poor service and other issues they attributed to the railroads’ adoption of precision-scheduled railroading (PSR).

{snip}

1 replies

= new reply since forum marked as read

Highlight:

U.S. lawmakers hear pros, cons of STB regulation (Original Post) mahatmakanejeeves Apr 2022 OP

Thanks elleng Apr 2022 #1

elleng

(136,185 posts)

1. Thanks

Reply to mahatmakanejeeves (Original post)

Mon Apr 18, 2022, 01:14 PM

Apr 2022

'held a hearing March 8'

For info, the STB is/was the spawn of the Interstate Commerce Commission, which was the first U.S. regulatory commission. The Interstate Commerce Commission was a regulatory agency in the United States created by the Interstate Commerce Act of 1887.
Founder: Grover Cleveland
Founded: February 4, 1887

https://en.wikipedia.org/wiki/Interstate_Commerce_Commission

Reply to this discussion