Written in EnglishRead online
|Series||S. hrg -- 107-1031|
|The Physical Object|
|Pagination||iii, 90 p. :|
|Number of Pages||90|
Download The Surface Transportation Board"s new merger rules
Surface Transportation Board Issues New Rules Governing Major Railroad Mergers & Consolidations. Surface Transportation Board (Board) Chairman Linda J. Morgan announced today that the Board has issued new rules for major railroad mergers and consolidations involving two or more "Class I" railroads (railroads with annual revenues of at least $ million, as indexed for inflation).
Get this from a library. The Surface Transportation Board's new merger rules: hearing before the Subcommittee on Surface Transportation and Merchant Marine of the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Seventh Congress, first session, J [United States.
Congress. Senate. Committee on Commerce, Science, and Transportation. The Surface Transportation Board is an independent federal agency that is charged with the economic regulation of various modes of surface transportation, primarily freight rail. The STB exercises its statutory authority and resolves disputes in support of an efficient, competitive, and economically viable surface transportation network that.
WASHINGTON — The Surface Transportation Board announced today that it is adopting a final rule amending its railroad performance data reporting rules to include certain chemical and plastics traffic as a distinct reporting category to the.
Under our new rule, applicants must address the anticipated effects of a proposed merger on regional and shortline railroads, identify any benefits that those smaller railroads and their customers would realize as a result of the proposed transaction, and develop suggested remedies for any anticipated harms to the public interest by virtue of a merger's adverse impacts on regional and shortline railroads and ports.
Proposed Merger Evaluation by the Surface Transportation Board In its proposed modifications to its policy statement (49 CFR ) and regulations (49 CFR ) the STB has recognized the importance of competition and the failings — especially the service failures — of recent mergers that have been approved by the STB and the Interstate Commerce Commission (ICC) before it.
CSX Transportation is in talks to purchase regional Pan Am Railways, a move that Norfolk Southern says it will oppose in a filing with the Surface Transportation Board. Scott A. Hartley WASHINGTON — CSX Transportation is in talks to buy 1,mile New England regional Pan Am Railways, a move that Norfolk Southern today said it would oppose in.
The Surface Transportation Board, which oversees rail mergers, said in a statement that consolidation is no longer needed to deal with excess rail. Inthe Surface Transportation Board (STB) held a hearing to obtain public input on the extent of the common carrier obligation and to whom it applies.
1 The law simply states that a railroad must “provide the transportation or service on reasonable request.” 2 STB’s hearing revealed how railroads and shippers differ in their. Commuter Rail Div. Surface Transp. Bd., No.involved a petition for review of the Surface Transportation Board's approval of the acquisition of certain railroads by another court of appeals denied the petition, holding that 1) one petitioner lacked standing because, if the board's decision were overturned, the construction authorization would not be affected and no new.
The Surface Transportation Board has put a month hold on new railroad mergers while it tries to fashion rules to prevent the problems that have attended the. Merger delay irks CN Rail News. Bison ranchers show pride News. Loan project helps Chinese women.
The Surface Transportation Board was established in as the successor to the Interstate Commerce Commission. The Board was administratively aligned with the Department of Transportation until enactment of the Surface Transportation Board Reauthorization Act of established the Board as a fully independent agency.
“The Surface Transportation Board merger rules are designed to enhance competition, and, as with U.S. antitrust law generally, they are not designed to protect other railroads from balanced.
Summary: The Federal Railroad Administration (``FRA'') and the Surface Transportation Board (``STB'' or ``Board''), working in conjunction with each other, hereby issue joint final rules establishing procedures for the development and implementation of safety integration plans (``SIPs'' or ``plans'') by a Class I railroad proposing to engage in certain specified merger, consolidation, or acquisition of.
The Surface Transportation Board is scheduled to issue proposed new merger regulations in the first week of October. After a period of public. The current regulations eliminate the historical, longstanding presumption favoring rail industry consolidation.
As then-Chairman Linda Morgan testified in a June Senate subcommittee hearing on the STB’s new merger rules: The old rules said that mergers would be approved unless. The new rules say mergers will be approved only if. William (“Bill”) A. Mullins is a former Chief of Staff at the Interstate Commerce Commission (“ICC”), now the Surface Transportation Board (“STB”).
He is currently a Partner and Transportation Practice Group leader at Baker & Miller PLLC where his practice concentrates on all aspects of the transportation industry, including legal analysis in railroad rate and service issues, rail.
Competition welcomes halt to merger News. Loan project helps Chinese women News. Snowmobile patrol takes aim at rural criminals Mar 9, News. Maintaining farm a. Surface Transportation Board sets month moratorium on all rail mergers to provide time to devise merger rules to tighten performance standards and bar.
Another white paper from Canadian Pacific. Written by William C. Vantuono, Editor-in-Chief. Continuing its hostile pursuit of Norfolk Southern, and faced with some stiff political and rail industry opposition in the U.S., Canadian Pacific on Feb.
3, released a white paper, CP-NS: A Comprehensive Approach to Regulatory Approval “detailing the comprehensive, merit-based process any merger application.
Surface Transportation Board. ACTION: Final rule. SUMMARY: The Surface Transportation Board (STB or Board) is issuing a final rule to insert language that was inadvertently omitted when an amended rule was promulgated on September 5, This decision is effective on its date of publication.
DATES: This rule is effective on Febru But the board said it needs the waiting period to rewrite its year-old merger rule book and to give industry players "time to catch their breath." revisit" industry merger rules.
The board. The U.S. Surface Transportation Board, after slapping a month freeze on all rail takeovers last March, issued sweeping new regulations Tuesday that.
Rather than follow precedent of ruling on merger applications “one-case-at-a-time,” with a narrow emphasis on each application’s merits, pre- and post-merger financial health and benefits of single-line service, Morgan said the board intended new rules that would consider “downstream” effects of a proposed merger, including likely.
Human Rights Defense Center DEDICATED TO PROTECTING HUMAN RIGHTS Opposing Comment for Docket No. MCF August 8, Surface Transportation Board E Street S.W. Washington, DC Re: Opposing Comment for Docket No.
MCF Dear Sir or Madam: This comment is in reference to Docket No. MCFconcerning the proposed merger. Fedex Opposes Merger of Canadian Pacific and Norfolk Southern Freight shipper tells U.S. Surface Transportation Board it fears higher costs and fewer services A Canadian Pacific freight train.
Canadian Pacific dropped the deal before the federal Surface Transportation Board could rule on its proposed structure and before Norfolk Southern shareholders vote whether to support merger talks.
The Surface Transportation Board (STB) might take at least 18 months to scrutinize a CP-NS merger, according to the Wall Street Journal. But Harrison believes the proposed transaction ultimately. House antitrust chairman proposes merger ban during pandemic. The proposal would bar transactions, unless one of the companies is in bankruptcy or.
On Mathe Surface Transportation Board imposed a month moratorium on new rail mergers, presumably to prepare new rail merger guidelines. The Surface Transportation Board, in its approval of the merger, said if Union Pacific ever decides to sell the Tennessee Pass route, it should sell to an entity that will use it in the.
Earlier this week the counsel for Norfolk Southern, Michael Rosenthal of Covington & Burling, reminded the Surface Transportation Board, the federal agency responsible for regulating rail freight carriers, it approved the joint venture in as a means of enhancing competition among freight carriers in New England.
Under the public interest standard the Surface Transportation Board has to consider the effect of the proposed merger on the overall adequacy of transportation for the public. They have to consider whether the operations of the other rail carriers in the same region should be addressed.
On Jan. 19, Canadian Pacific Railway filed a complaint with the Department of Justice that CSX and Union Pacific Corp. were colluding to block its recent attempt to acquire Norfolk Southern Corp. If the Canadian Pacific and Norfolk Southern merger is successful, it would be the first since the Surface Transportation Board rewrote its rules in following a flurry of consolidations in.
Transportation company mergers do not have to be approved by the Surface Transportation Board (STB). Only communications companies’ mergers must pass muster with a DOJ/FTC objective legal standard that is accountable to the rule of law, and an FCC subjective political “standard” that is practically unaccountable to the same rule of law.
Abstract. As the title of this book (Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler) suggests, Theodore Keeler has had a tremendous impact on the field of transportation economics, in assessing the impacts and appropriateness of various policies and in helping to shape regulatory policies concerning the transportation industries.
Having formerly served as Chairmen of the Surface Transportation Board ("STB"), we have unique insights regarding how the STB would review the proposed CP+NS merger and any related voting trust. The U.S. Surface Transportation Board must rule on a request by Barrington and IDOT to extend an oversight period of the Canadian National Railroad's takeover.
Surface Transportation Board (STB) Federal Railroad Administration (FRA) Sign up for email alerts on Federal Railroad Administration (FRA) products, news, and offers.Inthe U.S. Surface Transportation Board (STB) issued new merger rules that clarified how the "public interest" standard would be applied in Class I rail consolidation cases.• Oct.
3, CN asks the U.S. Surface Transportation Board to approve the merger. • Nov. 29, The STB describes the transaction as minor but directs staff to prepare a report on the environmental impact after pressure from federal and local leaders.