Stock Market News

U.S. rail watchdog orders top carriers to report service metrics for 6 more months


FILE PHOTO: An aerial view of shipping containers and freight railway trains ahead of a possible strike if there is no deal with the rail worker unions, at the Union Pacific Los Angeles (UPLA) Intermodal Facility rail yard in Commerce, California, U.S., S

 

CSX
+1.42%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

UNP
+1.33%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

NSC
+2.48%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

(Reuters) — The U.S. rail regulator has asked the country’s biggest freight carriers to continue reporting crucial service metrics for six more months, following its initial order aimed at fixing congestion, downtime and delays reported earlier this year.

The Surface Transportation Board (STB) in April held a public hearing between customers, labor witnesses and railroads including Berkshire Hathaway-owned BNSF, CSX Corp (NASDAQ:CSX), Norfolk Southern (NYSE:NSC) and Union Pacific (NYSE:UNP), on the industry’s dip in performance.

The original order had followed that hearing, with the regulator in May mandating all Class I freight rail carriers to submit service recovery plans, provide data and regular progress reports on rail service and employment.

The service metrics of railroad operators have deteriorated over the years after they cut staffing levels to the bone in pursuit of a lean operating model, prompting complaints from customers.

«The most recent data show that the Four Carriers are currently meeting some of their six-month targets for service improvement,» the STB said in a statement, referring to BNSF, CSX, Norfolk Southern and Union Pacific.

Not all operators experience similar service issues, but problems in one area can quickly spread throughout the interconnected network within the U.S. rail system, thereby impacting the entire network.

Source

Похожие статьи

Добавить комментарий

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Кнопка «Наверх»