ACC lauds Senate bill seeking to end railroad antitrust exemptions

03/25/2013 |

The American Chemistry Council expressed support for a bill introduced by Sens. Amy Klobuchar, D-Minn., and David Vitter, R-La., which seeks to remove antitrust exemptions for freight railroad companies. "The bipartisan legislation was introduced at the same time the Surface Transportation Board (STB) is investigating an array of rail competition reforms to address a troubling trend in the nation's freight rail system as rates have soared to the highest level in 20 years," ACC said. "Outdated exemptions from antitrust laws provide railroads with unique government protections that help shield them from free markets and competition," it added.

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