Sept. 7, 2023 – National Stone, Sand & Gravel Association President and CEO Michael Johnson issued the following statement after the Surface Transportation Board released its reciprocal switching rule. “The nation’s aggregates and industrial sand industries applauds the Surface Transportation Board (STB) for issuing a proposed Reciprocal Switching Rule,” Johnson said. “This commonsense rule will promote efficiency, competition and drive…
Read MoreTag: Surface Transportation Board
IntelliTrans Helps Freight Rail Service Providers Improve Rail Operations
IntelliTrans said that the recent service disruptions of Class 1 railroads has led to revenue losses and additional freight expenses for shippers. “Today, because of precision scheduled railroading (PSR) and the focus on improving Operating Ratio, railroads are struggling to handle increased volume as well as network disruptions,” said Ken Sherman, president of IntelliTrans. “Many in the rail business blame…
Read MoreThis Week’s Market Buzz
• Oil prices jumped 3% at press time, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant. Brent crude climbed $2.59, or 3.9%, to $67.75 a barrel after touching its lowest since May 21 at $64.60. U.S. West Texas Intermediate (WTI) crude for October…
Read More