The Surface Transportation Board's decision to implement disclosure rules for interchange agreements in rail transactions will shed light on anti-competitive freight rail practices, according to the American Chemistry Council. "Interchange commitments clearly inhibit potential competition between Class I railroads and interfere with market-based rates," ACC said. "In fact, a significant purpose of such an agreement is to ensure that in spinning off a short line railroad, a Class I railroad will not have to compete with another carrier for the covered traffic."

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