UP, NS, CSX and BNSF accused of illegal price fixing in lawsuit
(Source: Reuters, June 21, 2012)
NEW YORK — A lawsuit alleging that major U.S. freight railroads conspired to drive up shipping costs by fixing fuel surcharges, generating billions of dollars in extra revenue, can move forward as a class action case, a judge ruled on Thursday.
U.S. District Judge Paul Friedman of the District of Columbia court certified a consolidated case involving eight shipping companies who claim they were "subjected to an endless string of rate increases" between 2003-08.
Full story: Reuters
Friday, June 22, 2012
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