Class I railroads: How did things get so bad?

(Source: Forbes, June 12, 2019) 

NEW YORK — On May 22nd and May 23rd, the Surface Transportation Board (STB) held an Oversight Hearing on Demurrage and Accessorial Charges. Railroad customers objected to escalating fines across the country’s seven Class I carriers and referred to monopolistic, unfair, illogical, and arbitrary actions by most of the railroads.

Full story: Forbes

Thursday, June 13, 2019