Senate committee OKs transport bill
Dec 18, 2009 | 10:27 AM
| Scott Robertson
The Senate Commerce Committee has unanimously approved the Surface Transportation Board Reauthorization Act, a move hailed by rail shippers—including many involved in steel—as a milestone that would help eliminate anti-competitive practices among railroads.
The committee, in a bipartisan unanimous voice vote, ordered S. 2889 reported to the full Senate in sessions late on Dec. 17.
The move was welcomed by the Steel Manufacturers Association (SMA), Washington, which has advocated increased spending on transportation infrastructure and the elimination of non-competitive activities for a number of years.
Adam Parr, manager of public policy and publications for SMA, said an unprecedented series of mergers and acquisitions in the railroad industry have left rail shippers, including steel companies, captive to a single Class 1 carrier. A recent study commissioned by the Surface Transportation Board (STB) indicates that 44 percent of rail traffic by tonnage is captive to one rail line, he said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.