Chairman Daniel R. Elliott III of the Surface Transportation Board (STB) and Dr. Scott Streiner, chairman and CEO of the Canadian Transportation Agency (CTA), have signed a Memorandum of Understanding (MOU) to share information and best practices related to the discharge of their mandates and developments in rail transportation. The CTA is the economic regulator of the freight railroads and other transportation in Canada. The MOU was signed in Ottawa, Canada.
The MOU recognizes the importance of the two agencies engagement to promote ongoing information exchanges on developments in rail transportation, best practices in their respective regulatory approaches, and recent regulatory activities and current events. The agencies will exchange only information that is in the public domain in the United States and Canada to ensure that no confidentiality concerns are breached.
"The United States and Canada are linked in so many ways, not least of them by a vast rail network," stated Chairman Elliott at the signing. "It is an honor today to be signing this Memorandum of Understanding between the STB and the CTA, marking our commitment to be a resource to each other in the economic regulation of freight railroads. This friendship will enable us both to engage in productive dialogue on better regulatory practices to our stakeholders and the citizens of our countries."