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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 26, 2024
A federal appeals court on Tuesday vacated a Surface Transportation Board rule that allows the agency to more quickly resolve rate disputes by deciding based on either the shipper's or railroad's final offer.
At the request of President Joe Biden, Congress is set to vote on legislation that would prevent a rail strike, a move that comes after similar pleas from agricultural organizations worried about the effects of a stoppage of the nation’s trains.
A major railroad union announced Monday that its members voted to reject a tentative labor deal brokered by the Biden administration, which opens the door for a strike as soon as Dec. 9.
President Biden is expected to sign his executive order today addressing concentration in agribusiness, transportation and other sectors. Agriculture Secretary Tom Vilsack will be in Council Bluffs, Iowa, to promote the White House initiative.
Rail carriers are anticipating a strong demand for grain shipments this fall as China buys more corn and soybeans, but harvest pace is also surpassing five-year averages, increasing the concern for potential bottlenecks.
