Railroads Need More Antitrust Scrutiny, Utilities Say

Law360, New York (February 22, 2008, 12:00 AM EST) -- Representatives for utilities and shippers on Monday implored the U.S. House of Representatives Committee on the Judiciary to revoke the long-standing railroad antitrust exemptions, claiming that they have led to inflated transportation costs.

The antitrust shields have allowed four major railway companies to take hold of an anti-competitive monopoly and have impeded utilities and raised tall obstacles to new market competitors, the representatives said at a hearing on the proposed Railroad Antitrust Enforcement Act of 2007.

The House Judiciary Committee's antitrust task force is currently reviewing...
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