Oxbow alleges two railroads fixed prices
Jun 08, 2011 | 04:48 PM
| Corinna Petry
Tags
Oxbow Carbon & Minerals,
lawsuit,
price-fixing,
monopoly,
railroad deregulation,
Union Pacific,
Burlington Northern
CHICAGO — Oxbow Carbon & Minerals LLC and several subsidiaries are suing two railroads, alleging they illegally gouged customers with high freight rates.
Oxbow, which ships mined coal as well as petroleum coke used in aluminum smelting, has asked the U.S. District Court for the District of Columbia to order Union Pacific Railroad Co. and Burlington Northern Santa Fe Railway Co. (BNSF) to stop "their illegal practices that restrain competition," the plaintiff’s attorney said in a statement Wednesday.
"This lawsuit will finally force Union Pacific and BNSF to account in federal court for their long history of breaking American antitrust laws," said Barry Brett of Troutman Sanders LLP, co-counsel for Oxbow. "Only the power of the federal court can compel the freight railroad industry to fundamentally reform its business practices and stop abusing customers, consumers and the national economy."....
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