Rail Antitrust Bill Sails Through Senate Judiciary

The Senate Judiciary Committee has unanimously approved a bill to remove the rail industry’s exemption from antitrust laws. Shippers including chemical firms applauded the bill’s passage, but the rail industry says such a regulation would create regulatory overlap and confusion. The chemical industry has long sought to end rail road exemption from antitrust laws, saying it results in high prices and poor service. “The railroads have used this exemption to consolidate the country’s rail shipping down to four regional monopolies, giving...

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