Surface Transportation Board

Atlas® Van Lines, AAA, American Trucking Associations® Share Tech Tips to Simplify Your Move for National Moving Month

Retrieved on:

Wednesday, May 1, 2024

As May marks National Moving Month, Atlas® Van Lines , AAA® and American Trucking Associations (ATA) ® are educating consumers about the evolving professional moving process and the technology tools available to ensure a safe and successful move.

Key Points:

As May marks National Moving Month, Atlas® Van Lines , AAA® and American Trucking Associations (ATA) ® are educating consumers about the evolving professional moving process and the technology tools available to ensure a safe and successful move.
Yembo.ai®: Yembo’s advanced AI Workflow Companion now serves as the exclusive virtual survey and estimating platform for Atlas Van Lines throughout the United States and Canada.
Atlas Van Lines is just that – guaranteeing the safe and secure transportation of our members’ belongings from point A to point B."
For more information about Atlas Van Lines and its services, please visit www.atlasvanlines.com .

Ancora Sends Important Letter to Fellow Shareholders About Our Collective Opportunity to Transform and Turn Around Norfolk Southern

Retrieved on:

Monday, April 22, 2024

Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.

Key Points:

Norfolk Southern touts a cherrypicked five-year shareholder return metric with start and end dates disconnected from the Board’s relevant decision points.
As of December 31, 2023, the gross book value of locomotives at Norfolk Southern was ~19% greater than at CSX.
Independent of amortization schedules, CSX saw a substantial reduction in locomotive book value, while Norfolk Southern saw a substantial increase.
The aforementioned factors combined should enable a best-in-class fuel efficiency opportunity at Norfolk Southern.

Savage Tooele Railroad Line in Utah Wins Surface Transportation Board Approval

Retrieved on:

Wednesday, April 3, 2024

Longevity, STR, STB, Union Pacific Railroad, Environmental impact assessment, Transport, Savage, Surface Transportation Board, Environmental analysis, Rail transport by country, Line, Rehabilitation

SALT LAKE CITY, April 03, 2024 (GLOBE NEWSWIRE) -- The Surface Transportation Board (STB) has granted Savage Tooele Railroad Company (STR) the authority to build and operate approximately 11 miles of rail line in Tooele County, Utah, including the rehabilitation of existing track.

Key Points:

SALT LAKE CITY, April 03, 2024 (GLOBE NEWSWIRE) -- The Surface Transportation Board (STB) has granted Savage Tooele Railroad Company (STR) the authority to build and operate approximately 11 miles of rail line in Tooele County, Utah, including the rehabilitation of existing track.
The STR rail line will connect to Union Pacific Railroad for tenants of the Lakeview Business Park in Grantsville, Utah, linking supply chains and providing an alternative to truck-only transportation with a more environmentally-friendly option.
STR is one of the only new railroads approved in the U.S. this year and one of the first railroads owned and operated by a Utah-headquartered company in the state’s history.
“I want to congratulate Savage Tooele Railroad on the approval of their Tooele Valley rail project by the Surface Transportation Board,” said Utah Governor Spencer J. Cox.

FTC and DOJ Host Third Annual Spring Enforcers Summit Virtually on April 8

Retrieved on:

Tuesday, April 9, 2024

Consumer, Assistant, FTC, Social media, Policy, News, Security (finance), DOJ, Agriculture, Surface Transportation Board, Justice, Federal Trade Commission

|WHAT:||The Federal Trade Commission and the Justice Department’s Antitrust Division will cohost the third annual Spring Enforcers Summit, which will gather senior staff from both agencies, as well as other federal regulators, international competition enforcers and state attorneys general to discuss enforcement priorities and strategies for effective coordination.|

Key Points:

|WHAT:||The Federal Trade Commission and the Justice Department’s Antitrust Division will cohost the third annual Spring Enforcers Summit, which will gather senior staff from both agencies, as well as other federal regulators, international competition enforcers and state attorneys general to discuss enforcement priorities and strategies for effective coordination.|
|WHEN:||Monday, April 8, 2024, 9:15 a.m. to 12:15 p.m. ET|
|WHERE:||The public sessions are free and will be held online.
Registration is not required to view the publicly streamed plenary sessions.
The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize.
For the latest news and resources, follow the FTC on social media, subscribe to press releases and subscribe to the FTC International Monthly.

FTC and DOJ Host Third Annual Spring Enforcers Summit Virtually on April 8

Retrieved on:

Tuesday, April 9, 2024

Consumer, Assistant, FTC, Social media, Policy, News, Security (finance), DOJ, Agriculture, Surface Transportation Board, Justice, Federal Trade Commission

|WHAT:||The Federal Trade Commission and the Justice Department’s Antitrust Division will cohost the third annual Spring Enforcers Summit, which will gather senior staff from both agencies, as well as other federal regulators, international competition enforcers and state attorneys general to discuss enforcement priorities and strategies for effective coordination.|

Key Points:

|WHAT:||The Federal Trade Commission and the Justice Department’s Antitrust Division will cohost the third annual Spring Enforcers Summit, which will gather senior staff from both agencies, as well as other federal regulators, international competition enforcers and state attorneys general to discuss enforcement priorities and strategies for effective coordination.|
|WHEN:||Monday, April 8, 2024, 9:15 a.m. to 12:15 p.m. ET|
|WHERE:||The public sessions are free and will be held online.
Registration is not required to view the publicly streamed plenary sessions.
The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize.
For the latest news and resources, follow the FTC on social media, subscribe to press releases and subscribe to the FTC International Monthly.

Ancora Issues Letter to Fellow Shareholders Regarding Norfolk Southern’s Failures of Diligence and Poor Judgment in Appointing John Orr as COO

Retrieved on:

Friday, April 5, 2024

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.

Key Points:

Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below letter to fellow shareholders regarding the Board of Directors’ (the “Board”) apparent failures of diligence and poor judgment in appointing John Orr as COO.
Ancora is a sizable shareholder of Norfolk Southern, meaning our interests and your interests are squarely aligned.
The Board and Mr. Shaw provided CPKC with excessive financial and strategic consideration that weakens Norfolk Southern’s long-term competitive positioning.
Norfolk Southern operated from a position of desperation, and shareholders and other stakeholders now stand to pay a steep price.

CAPITOL CORRIDOR JOINT POWERS AUTHORITY'S MANAGING DIRECTOR, ROBERT PADGETTE, APPOINTED BY THE SURFACE TRANSPORTATION BOARD TO THE 'FIRST-EVER' PASSENGER RAIL ADVISORY COMMITTEE

Retrieved on:

Wednesday, April 3, 2024

STB, Surface Transportation Board, Capitol Corridor, Environment, PRAC, Rail transport

OAKLAND, Calif., April 3, 2024 /PRNewswire/ -- Capitol Corridor Joint Powers Authority (CCJPA) proudly announces the appointment of its Managing Director, Robert Padgette, to the Surface Transportation Board (STB)'s newly formed Passenger Rail Advisory Committee (PRAC).

Key Points:

OAKLAND, Calif., April 3, 2024 /PRNewswire/ -- Capitol Corridor Joint Powers Authority (CCJPA) proudly announces the appointment of its Managing Director, Robert Padgette, to the Surface Transportation Board (STB)'s newly formed Passenger Rail Advisory Committee (PRAC).
"I am truly honored by this appointment to join a group of esteemed rail industry leaders," said Padgette.
"I look forward to serving alongside them, examining the multifaceted issues impacting passenger rail systems nationwide for years to come."
The PRAC's activities include providing information, advice, and recommendations to the Board on issues impacting the development and operations of passenger rail services, including: improving efficiency on passenger rail routes; reducing disputes between passenger rail carriers and freight rail hosts regarding the use of freight-owned facilities and infrastructure for passenger service, including passenger on-time performance issues; and improving regulatory processes related to intercity passenger rail to the benefit of the public, the communities served by passenger rail, and the environment.

Investor Group Reinforces Commitment to Safety at Norfolk Southern and Reiterates the Facts Regarding the Poor Record of CEO Alan Shaw

Retrieved on:

Thursday, February 22, 2024

Professional Services, Rail, White House, Federal Government, Public Policy, Government, Transport, Finance, Slate, Annual general meeting, Surface Transportation Board, Safety, NSC, Rail transport by country, Family, Risk management

To learn more about the Investor Slate and proposed management team, download a copy of the Investor Group’s presentation , entitled The Case for Leadership, Safety and Strategy Changes at Norfolk Southern, at www.MoveNSCForward.com .

Key Points:

To learn more about the Investor Slate and proposed management team, download a copy of the Investor Group’s presentation , entitled The Case for Leadership, Safety and Strategy Changes at Norfolk Southern, at www.MoveNSCForward.com .
“We agree with the Federal Railroad Administration’s statement that Norfolk Southern’s path to ‘immediate and long-term success is through a relentless focus on safety.’ We also share the agency’s concerns regarding ‘backsliding’ at the Company.
Mr. Shaw has had more than 30 years to help establish a safety-first culture at Norfolk Southern, but stakeholders continue to have legitimate concerns about the lapses that are still occurring.
Mr. Shaw has never held a senior role in operations, which is typically where safety protocols are established and enforced.

CSX Named Best Railroad by Intermodal Service Providers

Retrieved on:

Saturday, May 20, 2023

Scorecard, The Journal of Commerce, CSX Corporation, Journal, Surface Transportation Board, Commerce, Class, CSX, Intermodal freight transport

JACKSONVILLE, Fla., May 19, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) has been recognized by intermodal providers as the top-performing railroad in North America.

Key Points:

JACKSONVILLE, Fla., May 19, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) has been recognized by intermodal providers as the top-performing railroad in North America.
The “Intermodal Service Scorecard” ranking was compiled by the Journal of Commerce, and assessed performance through the first four months of 2023.
Respondents cited their satisfaction with domestic intermodal service as a key driver of CSX’s number one ranking.
To learn more about CSX’s ranking on the Journal of Commerce Intermodal Service Scorecard, click here .

Soroban Capital Partners Sends Letter and Presentation to Board of Directors of Union Pacific Corporation Highlighting Need to Replace Chief Executive Officer with Best-In-Class Leadership

Retrieved on:

Sunday, February 26, 2023

Professional Services, Finance, Well, UNP, Outline, Surface Transportation Board, Growth, Fritz, EPS, 500th, Management

The Company is not delivering on its commitment to customers, and the Surface Transportation Board (regulator) has singled out UNP as providing the worst service among the Class I railroads.

Key Points:

The Company is not delivering on its commitment to customers, and the Surface Transportation Board (regulator) has singled out UNP as providing the worst service among the Class I railroads.
Therefore, it is paramount that the next leader of the Company has a proven track record of railroad operating excellence.
Fortunately, as it relates to new leadership, there is no need to start from scratch.
In addition, no internal candidates are remotely as qualified as Mr. Vena, and he is the leading external candidate available.