The Surface Transportation Board this month approved letting CSX share a 106-mile line north of Louisville owned by Louisville & Indiana Railroad Co. The planned improvements will cost the CSX $100 million, with $90 million for track improvements and $10 million to L&I for the rights to use the tracks.
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According to the American Trucking Associations (ATA), it is estimated that the there is a shortage of 30,000 truck drivers in the U.S. There are many factors contributing to the loss of drivers including retirement of former drivers, small owner/operator trucking companies being forced out of business, increased monitoring and reporting, stricter regulations for CSA (Compliance, Safety, Accountability), and the lifestyle in general.
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On March 19, 2015, Senators John Thune and Senator Bill Nelson have introduced the S. 808, known as the Surface Transportation Board Reauthorization Act of 2015. Previously in 2014 a similar bill was introduced to Congress by Jay Rockefeller and John Thune. Due to its late introduction to Congress, the bill did not move further than being approved by the Committee of Commerce, Science and Transportation.
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Now that the labor dispute on the West Coast has been resolved, how will import and export shipments be handled moving forward? Is your company one that is considering making changes? It appears that many are weighing their options in hopes of preventing the same scenario happening in the future.
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Railroad profits have steadily risen over the last decade in part because rates have been increasing, often in excess of the inflation rate or the actual cost increase of moving cars. And every time rates go up or change in any way, there is an elevated likelihood of incorrect billing.
