Union Pacific Railroad Company v. STB

Summary

The court held that the Board lawfully granted Metra terminal trackage rights because Metra satisfied the public-interest requirement and the rights extended over a reasonable distance of Union Pacific's lines. The court nevertheless held that the Board could not authorize Metra's use before compensation was paid or adequately secured, because the Board's promise to set compensation later did not satisfy that statutory requirement. The Board's order was vacated and remanded for further proceedings.