Contact: Scott Jensen, (202) 249-6511
WASHINGTON (Feb. 3, 2014)
The American Chemistry Council (ACC) issued the following statement regarding the
by the Surface Transportation Board (STB) to schedule a public hearing for March 25th and 26th to discuss competitive switching rules. Competitive switching would allow a rail customer that is served by a single major railroad to request to have its traffic switched to a different carrier at a nearby interchange, allowing the shipper to seek competing bids for rail service.
"We're encouraged that the STB is moving forward to consider proposed reforms that would benefit U.S. manufacturing and the economy by increasing access to competitive freight rail service for domestic producers.
"Following significant railroad consolidation,
freight rail rates have soared more than 76 percent
-nearly three times the rate of inflation-since 2001. Today's freight rail policies are more than 30 years old and have not kept pace with the massive consolidation in the freight rail industry. We believe it is now time to pursue reforms at the STB that would that would help unleash market forces and reduce the need to adjudicate rate disputes. Adopting
like competitive switching would be a step in the right direction."
» Learn more about freight rail competition