What’s New
AFPM commends STB proposal, but U.S. freight rail remains largely uncompetitive
WASHINGTON, D.C. — Today, Rob Benedict, AFPM Vice President of Petrochemicals and Midstream, issued the following statement commending the Surface Transportation Board (STB) proposal to repeal its regulations on “Intramodal Rail Competition,” which would pave the way for more reciprocal switching in freight rail.
AFPM: Latest rail merger application raises the stakes for STB to restore and enhance competition in freight rail
WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on the official filing of the latest Class 1 freight rail merger application with the Surface Transportation Board (STB).
Issues and Policies
18.6 million
U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.
$185 billion
Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.