The U.S. Senate recently pointed the way forward for the U.S. Surface Transportation Board (STB) on the issue of ensuring sufficient revenue at freight railroads to pour back into the nation’s infrastructure.
The Surface Transportation Board Reauthorization Act of 2015, which was passed by unanimous consent in June, would provide commonsense process improvements. They would allow the STB to work more efficiently and, at the same time, recognize the need for freight railroads to provide billions of dollars in private spending to build, maintain and grow the nationwide rail network, so taxpayers don’t have to.
In fact, the bill explicitly states that in considering the concept of revenue adequacy, the Board must consider the “infrastructure and investment needed to meet the present and future demand for rail service.”
Read more from Huffington Post.
Related News
- Senate Passes Tax Bill Without Including Railroaders
- Yardmaster Protection Act Introduced
- New College Education Benefit Available for SMART-TD Members and Their Families
- Arkansas & Missouri Begins a New Chapter with SMART-TD
- In Loving Memory of Brother Darryl Redmon
- Update Your SMART Union Mobile App Today!
- Alabama Port Authority learns a lesson in solidarity
- In Loving Memory of Donald H. Wolff II
- Railroad Safety Day on the Hill 2025
- Victory in Colorado: SMART-TD Secures Permanent Funding for the Office of Railroad Safety