Surface Transportation Act

[AI summary unavailable — showing source text] Surface Transportation Act - Title I: Rail Transportation - Directs the Secretary of Transportation to prepare a national survey of the existing rolling stock of all rail freight carriers. Directs the Secretary, based on the results of such survey, to create regional reserves of railroad rolling stock for lease to rail carriers for seasonal, specialized or high volume operations which in and of themselves do not justify the purchase of equipment. Directs the Secretary to establish, in conjunction with the reserve of rolling stock, regional rolling stock repair yards. Directs the Secretary, every six months, to establish efficiency ratings for each participating rail carrier for each of its lines utilizing reserve rolling stock. Stipulates that if a carrier's rating has increased it shall be eligible for reduced leasing rates and that if such rating has decreased a penalty charge shall be assessed on future leases of rolling stock by the railroad. Directs the Secretary to establish a computerized car identification plan to monitor the location, use, and respective load factors of the rolling stock in the regional reserve rolling stock program. Authorizes the Secretary to make grants…