STB said that the two final rules are comprised are a voluntary arbitration program, as well as a new procedure for rate challenges, known as a Final Offer Rate Review (FORR). STB initially introduced FORR in September 2019, in a notice of proposed rulemaking (NPRM), saying, at the time, that FORR utilizes procedural limitations to constrain the cost and complexity of a rate case, which would include principle-based, non-prescriptive criteria to allow for innovation with respect to rate review methodologies.
Source: logistics Mgmt
AAR and STB offer differing views on two final adopted final rules
More from News, Logistics, Transportation, Rail & Intermodal,More posts in News, Logistics, Transportation, Rail & Intermodal, »
- NRF-led letter calls on the White House to work with U.S. railroads and unions to avoid a strike
- Brotherhood of Railroad Signalmen votes down tentative railroad labor agreement
- Association of American Railroads makes its case for rail labor deals to be ratified
- BNSF heralds plans for a new Southern California facility
- U.S. rail carload and intermodal volumes see declines, for week ending September 24, reports AAR
Be First to Comment