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Posts published in “Railroad Legal News”

Amtrak’s plan to boost ridership could hurt long-distance routes

Amtrak is preparing to revamp its network of passenger trains in order to boost ridership, The Wall Street Journal reported.Mimicking its popular Northeast Corridor route elsewhere in the country could increase the number of passengers by millions.Changing up its service would impact its storied long-distance routes. Stan Honda | AFP | Getty Images An Amtrak…

NTSB updates list of most wanted safety improvements

Rail News Home Federal Legislation & Regulation 2/5/2019 Rail News: Federal Legislation & Regulation NTSB updates list of most wanted safety improvements Six safety recommendations are repeated from the 2017-18 most wanted list. Photo – Source: NTSB The National Transportation Safety Board (NTSB) yesterday unveiled its 2019-20 list of most wanted transportation safety improvements.Launched in…

STB installs Fuchs as vice chairman for 2019

Rail News Home Federal Legislation & Regulation 2/4/2019 Rail News: Federal Legislation & Regulation STB installs Fuchs as vice chairman for 2019 Patrick Fuchs Photo – Patrick Fuchs' LinkedIn page The Surface Transportation Board (STB) has designated Patrick Fuchs as vice chairman. The vice chairmanship rotates among board members each year.Fuchs was sworn in last…

ASLRRA holds fly-ins to build BRACE Act support in DC

Rail News Home Federal Legislation & Regulation 1/31/2019 Rail News: Federal Legislation & Regulation ASLRRA holds fly-ins to build BRACE Act support in DC The American Short Line and Regional Railroad Association (ASLRRA) held a fly-in yesterday in Washington, D.C., to garner congressional support for the Building Rail Access for Customers and the Economy (BRACE)…

NTSB: Accident investigation evidence may be lost due to shutdown

Rail News Home Federal Legislation & Regulation 1/29/2019 Rail News: Federal Legislation & Regulation NTSB: Accident investigation evidence may be lost due to shutdown Robert Sumwalt is chairman of the NTSB. Photo – ntsb.gov The National Transportation Safety Board (NTSB) resumed normal operations yesterday and began developing plans to address work that could not be…

Short-line tax credit bill introduced in Senate

Rail News Home Federal Legislation & Regulation 1/28/2019 Rail News: Federal Legislation & Regulation Short-line tax credit bill introduced in Senate A bill that would permanently extend the 45G short-line tax credit has been introduced in the Senate, the American Short Line and Regional Railroad Association (ASLRRA) announced late last week.The lead sponsors of S.…

A key market sector is signaling the Fed should stay on hold

Recent earnings from railroad operators Norfolk Southern and Union Pacific offer key insights into the state of U.S. commerce, says CNBC's Jim Cramer.The results suggest that the Federal Reserve would do well by keeping its planned interest rate increases on hold, Cramer says.The Federal Open Market Committee, which makes decisions on interest rates, meets this…