New federal rule may help boost competition for railroad shipments at companies with few options

  • 📰 AP
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Railroad shippers with plants that are only served by one railroad may soon be able to get a bid from another railroad if their current service is bad enough under a new rule that was proposed Thursday to help boost competition.

STB Chairman Martin Oberman said it’s clear to him that increasing competition in this monolithic industry could do wonders for the countless companies thatto deliver raw materials and finished products by giving railroads another incentive to improve service.

Shippers would also be able to seek relieve if the amount of time it takes the railroad to deliver a product significantly worsens or if the railroad fails to handle local deliveries on time on average.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines