
STB
STB to Hold Hearing on ‘Rail Banking’
WASHINGTON — The Surface Transportation Board announced it will hold a public hearing July 8 to examine the impact, effectiveness, and future of rail banking under the National Trails System Act (Trails Act). Rail banking is the preservation of railroad corridors for possible future rail use. In 1983, Congress amended the Trails Act to create a program to allow rail banking to permit rail corridors that otherwise would be abandoned to be used as recreational trails on an interim basis. Such trails are subject to restoration as rail corridors at any point in time. The Trails Act and the Board’s