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Hyundai, Kia sue four U.S. railroads over fuel surcharges

(Source: Reuters, October 1, 2019)

NEW YORK — Hyundai Motor Co. and its Kia affiliate have sued the four largest U.S. railroads, accusing them of violating U.S. antitrust law by conspiring to drive up shipping costs though coordinated fuel surcharges. The South Korean automakers filed three lawsuits on Monday accusing BNSF, CSX Corp., Norfolk Southern Corp. and Union Pacific Corp. of imposing the surcharges between July 2003 and December 2008.

Full story: Reuters

Wednesday, October 2, 2019

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