The Surface Transportation Board (STB) yesterday announced several proposed changes to its general purpose costing system, the Uniform Railroad Costing System (URCS).
The board proposed adjusting how URCS calculates certain system-average unit costs to better reflect railroad operations. The proposal will automatically reflect economies of scale relative to shipment size increases, eliminating the need for a separate mathematical adjustment known as the "make-whole adjustment," according to the STB.
In a May 2010 report to Congress, ...[read more]
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