BNSF Railway wins appeal of STB rule lowering coal rail rates

(Source: Bloomberg, January 31, 2014)

NEW YORK -- BNSF Railroad Co., the carrier owned by Warren Buffett’s Berkshire Hathaway Inc. won an appeal of a U.S. Surface Transportation Board ruling that its rates for shipping Western coal were too high. The U.S. Court of Appeals in Washington today sent the case back to the board to consider arguments by BNSF that the formula the agency used to determine that the railroad overcharged shippers didn’t accurately measure variations in costs or the proper effect traffic volume should have on rates.

Full story: Bloomberg

Monday, February 03, 2014

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