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Cargo rates trigger shipper backlash as U.S. rails soar

(Source: Bloomberg, August 21, 2014)

NEW YORK — Following a decade of increases that sent rail profits and stocks to records, shippers are asking the U.S. government to help them fight back. They want to be able to compel railroads to hand off cargo to a rival in mid-journey and make it easier to challenge higher rates with the U.S. Surface Transportation Board. Those demands are setting up a showdown in Washington, where railroad lobbyists say that easing the 1980 law that ended price controls would threaten the industry’s renaissance.

Full story: Bloomberg

Friday, August 22, 2014

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