AAR renews certain of its arguments that the Board lacks statutory authority to adopt a final offer procedure under which, having found the challenged rate unreasonable, the Board must select one of the parties' offers to be the maximum rate going forward. The Board disagrees with AAR for the reasons stated in … See more In the ICC Termination Act of 1995 (ICCTA), Congress directed the Board to “establish a simplified and expedited method for determining the reasonableness of … See more After considering the filed comments and information received in meetings with stakeholders, the Board will adopt the rule proposed in the SNPRM,with … See more The purpose of this rule is to satisfy the statutory requirement that, if the Board determines that a rail carrier has market dominance over the transportation to which … See more WebDec 24, 2024 · According to a news release from the STB, the board has established a voluntary arbitration program and a new procedure for rate challenges, known as final offer rate review (FORR). STB says either rate review mechanism will improve shippers’ access to rate reasonableness reviews for smaller rate disputes.
STB
WebMar 10, 2024 · Jefferies also commented on the STB’s September 2024 “final offer rate review” (FORR) proposal, which he said was “an attempt to address what shippers alleged to be inadequate access to rate adjudication processes for small rate cases.” WebJun 7, 2024 · Oberman did say that the status of the Final Offer Rate Review Rule and voluntary rate proposal were "inherently inter-related" and very much on the top of the STB's priority and that... palace\\u0027s xo
Rail regulators streamline process for shippers to challenge ...
WebDec 24, 2024 · STB says the two new review mechanisms are limited to rate disputes worth up to $4 million in relief over two years. Under the new FORR procedure, if the board finds a rate to be unreasonable, the board will decide the rate by selecting either the complainant’s or the defendant’s final offer, subject to an expedited procedural schedule that ... WebDec 19, 2024 · STB publishes final rules on new rate review process ARLINGTON, Va., Dec. 19, 2024 -- The National Grain and Feed Association (NGFA) commended the Surface … WebJan 5, 2024 · The AAR said Final Offer Rate Review exceeds the STB’s authority because the board would pick rates either proposed by the shipper or the railroad involved rather than perform any economic analysis. The AAR was critical of the arbitration program’s requirement that all seven Class I railroads agree to participate. palace\u0027s xp