Senate panel approves railroad-rates reform bill

09/16/2010 | ICIS News (U.K.)

The Senate Commerce, Science and Transportation Committee on Wednesday cleared legislation that could end inequitable railroad rates for captive shippers, boosting chemical companies and other sectors' hopes for Congress' approval of the rail-reform bill. Surface Transportation Board Chairman Daniel Elliott said the agency intends to act on captive shippers' woes before lawmakers act on the measure, but American Chemistry Council spokesman Scott Jensen said chemical shippers would rather see the bill approved by Congress. While the 1980 Staggers Act succeeded in reviving the rail industry, it failed "to balance the interests of the railroads and shippers," Jensen added.

View Full Article in:

ICIS News (U.K.)

Published in Brief: