Railway Supply Institute files petition with Surface Transportation Board over looming ‘boxcar cliff’
April 8, 2024
In its petition, which was formally filed with the STB on March 25, RSI is calling on STB to review and assess the existing Arbitration Rule that governs car hire rate negotiations in the railroad industry, at a time when RSI said that concerns are mounting regarding what it called the “unsustainable trajectory of boxcar supply, where investments have not kept pace with the looming retirement of a substantial portion of the North American boxcar fleet.”