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STB Adopts Final Rule Establishing Class I Demurrage Invoice Minimum Information Requirements (Updated) Written by William C. Vantuono, Editor-in-Chief
“This rule, which the Board members adopted unanimously, represents a significant step toward ensuring basic transparency in demurrage bills and thereby helps to eliminate a source of unnecessary conflict between railroads and their customers,” STB Chairman Martin J. Oberman said.
The Surface Transportation Board has adopted a final rule in Demurrage Billing Requirements, Docket No. EP 759 establishing certain minimum information requirements for demurrage bills from Class I railroads, including among other things, billing cycle, shipment, car placement, and credit and debit information.