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Chemical Week Magazine :: Business & Finance :: United States/Americas

STB Seeks Rate Changes for Captive Shippers

8:32 AM MDT | August 3, 2012 | —Kara Sissell

The U.S. Surface Transportation Board (STB; Washington) has proposed measures aimed at protecting captive shippers from unreasonable rail rates, including changes to the way it resolves rate disputes. STB also says it is taking steps to consider a proposal by the National Industrial Transportation League to increase rail-to-rail competition. The chemical industry for years has argued that the lack of competition and regulatory hurdles have subjected chemical shippers to costly and uncompetitive freight rates. The centerpiece of STB’s rate-regulation...

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