The Surface Transportation Board (STB) has authority under federal law to approve pooling. The STB, and its predecessor the ICC, repeatedly recognized TTX’s important public benefits. Over 40 years ago they found that the TTX pool lowered costs and provided for even faster growth of the highly efficient and green rail network. The flatcar pool was first approved in 1974 and then reauthorized in 1989, 1994, 2004 and most recently on October 1, 2014 for a 15-year term.
In its Decision, the STB highlighted the following benefits of the TTX pool:
- “TTX has adapted and consistently has produced significant benefits to railroads and shippers that could not have been achieved as easily, if at all, in the absence of the TTX flatcar pool.”
- “For many years, TTX has served an important role in satisfying the growing demand for railroad cars.”
- “TTX has shown that pooling of flatcars promotes research and development of new and innovative equipment.”
- “TTX…permits TTX’s member railroads to spread the risk of investment in equipment.”
- “TTX…enables TTX’s member railroads collectively to respond effectively and efficiently to the dynamics of the North American railroad network.”
- “TTX…produces substantial capital savings by maximizing the efficient use and distribution of pooled equipment.”