Business Daily from THE HINDU group of publications
Monday, Mar 31, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Monday, Mar 31, 2008 ePaper | Mobile/PDA Version |
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Railways Five railroads in US sued
The five big railroads of the US are being sued on charges of violating anti-trust laws in fixing their fuel surcharge, according to e-Cargonews Asia. The railroads named in the suit are Omaha-based Union Pacific Railroad, Texas-based BNSF Railway, Florida-based CSX Transportation, Virginia-based Norfolk Southern Railway and Montana-based Kansas City Southern Railway. The lawsuit accuses the five railroads of setting fuel surcharges by working through th e Association of American Railroads, which publishes the indices used by railroads to calculate rates. AAR’s board comprises the CEOs from five railroads, according to lawsuit which does not say the surcharges are illegal but accuses the railroads of illegally acting in concert. The uniform pricing “could not have happened by chance or coincidence,” says the lawsuit. OUR BUREAU More Stories on : Railways | Courts/Legal Issues
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