Skip to content
Search AI Powered

Latest Stories

newsworthy

Begeman named permanent STB head; worsening rail service at top of agenda

Agency asks all major rails to address service issues.

President Trump has named Ann D. Begeman, who had been interim chairman of the Surface Transportation Board (STB), to be permanent chairman, the White House said Monday.

Begeman, 53, joined the STB in 2011. She is serving her second and final term, which expires Dec. 31, 2020, but which allows for a 12-month extension pending Senate confirmation of a successor. STB members are limited to two five-year terms by statute.


Earlier this month, Trump named Patrick J. Fuchs, currently a senior staff member of the Senate Commerce Committee, and Michelle A. Schultz, associate general counsel for the Southeastern Pennsylvania Transportation Authority (SEPTA), to two of the positions on the five-member board. They await Senate confirmation.

Begeman, Fuchs, and Schultz are Republicans. The fourth member, Vice Chairman Deb Miller, is a Democrat. A Democrat must fill the fifth vacancy because, by law, no more than three members can be affiliated with either political party.

The STB's role is to oversee what remains of rail regulation. At the top of the near-term agenda are worries about the worsening performance of the nation's railroads in recent months. Last Friday, the agency sent letters to all seven Class I railroads, which include the U.S. operations of Canadian National Inc. and Canadian Pacific Railway, requesting that each carrier submit what are known as "service outlooks" for the near-term period and for the rest of the year.

The STB said an analysis of weekly data points has left it "increasingly concerned about the overall state of rail service." Average train speeds have declined noticeably, while average terminal dwell times have risen, the agency said. The grain and feed and auto manufacturing industries, both populated with heavy users of rail services, have lodged complaints about deteriorating service levels, the board noted.

The STB asked the railroads to address issues relating to locomotive availability, capacity constraints, employee resources, and local service performance at specific yards or locations where performance has recently trended below historical norms. The carriers have also been asked to project service demand for the balance of the year, how they plan to meet it, and ways they will pro-actively communicate with shippers about service issues.

The Latest

More Stories

screenshot of map of shipping risks

Overhaul lands $55 million backing for risk management tools

The supply chain risk management firm Overhaul has landed $55 million in backing, saying the financing will fuel its advancements in artificial intelligence and support its strategic acquisition roadmap.

The equity funding round comes from the private equity firm Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo. As part of the investment, Springcoast’s Chris Dederick and Holger Staude will join Overhaul’s board of directors.

Keep ReadingShow less

Featured

Report: Five trends in AI and data science for 2025

Report: Five trends in AI and data science for 2025

Artificial intelligence (AI) and data science were hot business topics in 2024 and will remain on the front burner in 2025, according to recent research published in AI in Action, a series of technology-focused columns in the MIT Sloan Management Review.

In Five Trends in AI and Data Science for 2025, researchers Tom Davenport and Randy Bean outline ways in which AI and our data-driven culture will continue to shape the business landscape in the coming year. The information comes from a range of recent AI-focused research projects, including the 2025 AI & Data Leadership Executive Benchmark Survey, an annual survey of data, analytics, and AI executives conducted by Bean’s educational firm, Data & AI Leadership Exchange.

Keep ReadingShow less
aerial photo of port of miami

East and Gulf coast strike averted with 11th-hour agreement

Shippers today are praising an 11th-hour contract agreement that has averted the threat of a strike by dockworkers at East and Gulf coast ports that could have frozen container imports and exports as soon as January 16.

The agreement came late last night between the International Longshoremen’s Association (ILA) representing some 45,000 workers and the United States Maritime Alliance (USMX) that includes the operators of port facilities up and down the coast.

Keep ReadingShow less
Logistics industry growth slowed in December
Logistics Managers' Index

Logistics industry growth slowed in December

Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
pie chart of business challenges

DHL: small businesses wary of uncertain times in 2025

As U.S. small and medium-sized enterprises (SMEs) face an uncertain business landscape in 2025, a substantial majority (67%) expect positive growth in the new year compared to 2024, according to a survey from DHL.

However, the survey also showed that businesses could face a rocky road to reach that goal, as they navigate a complex environment of regulatory/policy shifts and global market volatility. Both those issues were cited as top challenges by 36% of respondents, followed by staffing/talent retention (11%) and digital threats and cyber attacks (2%).

Keep ReadingShow less