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BNSF, J.B. Hunt to enter arbitration over revenue division

Rail News Home BNSF Railway 1/4/2017 Rail News: BNSF Railway
imageBNSF Railway Co. and J.B. Hunt Transport Services Inc. announced yesterday they both have exercised their right to arbitrate a revenue division in a joint service agreement.The service agreement provides that the revenue division will be a negotiated provision determined by the companies and reviewed quarterly, according to a J.B. Hunt press release.The arbitration involves the division of revenue collected under the agreement as of May 1, 2016, J.B. Hunt officials said."The fairness of the revenue division has not been reviewed by a third party in more than 10 years, and the intermodal network built by the parties over that time has seen tremendous growth and increased operating complexities," stated J.B. Hunt's press release.Although the arbitration proceeding is infrequent and may be "lengthy and time consuming," the company considers it a normal part of business, J.B. Hunt officials added.Because the agreement's terms and the arbitration proceedings are confidential, BNSF declined to comment on the matter."BNSF continues to be focused on providing excellent service to our customers, which will not be affected by this review," BNSF officials said in a press release. Contact Progressive Railroading editorial staff. More News from 1/4/2017
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BNSF, J.B. Hunt to enter arbitration over revenue division

1/4/2017    

Rail News: BNSF Railway

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BNSF, J.B. Hunt to enter arbitration over revenue division

1/4/2017    

Rail News: BNSF Railway

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BNSF, J.B. Hunt request arbitration for intermodal agreement revenue division

J.B. Hunt Transport Services, Inc., and BNSF have both requested a panel of arbitrators review their Joint Service Agreement revenue division.

The agreement between the two parties dates to 1991 when J.B. Hunt entered into what was then considered a landmark agreement with the Santa Fe Railway, which merged with Burlington Northern in 1995 to form BNSF. The agreement calls for the revenue division to be reviewed quarterly and has not gone to arbitration since 2004. The current request for arbitration pertains to the division of revenue collected since May 1, 2016.

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N.C. Gov. Cooper appoints Trogdon transportation secretary

1/4/2017    

Rail News: People

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Union Pacific acquires Railex LLC assets

Union Pacific (UP) has announced its acquisition of Railex LLC, a refrigerated rail service and third-party logistics leader.

 

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LIRR train derails, injures more than 100 people

1/4/2017    

Rail News: Safety

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Union Pacific acquires Railex assets

1/4/2017    

Rail News: Union Pacific Railroad

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Union Pacific acquires Railex assets

1/4/2017    

Rail News: Union Pacific Railroad

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North Carolina DOT advanced rail improvements in 2016

1/3/2017    

Rail News: MOW

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Ohio panel OKs crossing improvement projects

1/3/2017    

Rail News: MOW

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MBTA, Keolis gear up for winter weather

1/3/2017    

Rail News: Passenger Rail

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Martin Klepper to lead Build America Bureau

U.S. Transportation Secretary Anthony Foxx announced last week that Martin Klepper has been appointed to serve the United States Department of Transportation’s (USDOT) Build America Bureau as its executive director.

 

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RTA: Crosstie production down, purchases up in November

1/3/2017    

Rail News: MOW

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Santa Clara VTA unveils environmental statement for BART Silicon Valley extension

1/3/2017    

Rail News: Passenger Rail

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MnDOT recommends bridge grade separation for troublesome crossing

The Minnesota Department of Transportation (MnDOT) has completed a study into grade separation options at the state's worst ranked grade crossing and has recommended an overpass option.

Following 10 months of study, MnDOT released a feasibility study outlining recommendations for a new Highway 47 (Ferry Street) BNSF Railroad crossing in the city of Anoka.

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Second Ave. Subway opens, as promised

New York’s Metropolitan Transportation Authority (MTA) celebrated the Second Avenue Subway line’s inaugural ride on New Year's Eve.

 

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STB: Class Is employed fewer workers in November

1/3/2017    

Rail News: Rail Industry

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New York MTA Chairman Prendergast to retire

1/3/2017    

Rail News: People

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MTA’s Prendergast to retire “in early 2017”

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Original author: Mischa Wanek-Libman, editor
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