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Balanced Reporting. Trusted Insights.
Tuesday, May 24, 2022
Major railroads are under attack by the ag industry, which says lack of personnel is hampering shipments and raising costs for companies forced to rely on secondary freight options.
President Joe Biden is pushing new rail regulations that lower rates for ag shippers, but the railroads say the rules designed to spur competition among major railroads would increase their costs and ultimately backfire on customers.
A major but temporary agricultural disaster program could be in for some revisions. The Wildfire and Hurricane Indemnity Program Plus, or WHIP+, provided assistance to producers for losses in 2018 and 2019.
The Surface Transportation Broad's fresh quorum is advancing a bevy of initiatives that ag shippers hope will spell more fairness in rail rates and fees.