Investigation and pending antitrust class action against the five U.S.-based Class I Railroads: BNSF Railway Company; CSX Transportation, Inc.; Kansas City Southern Railway Company; Norfolk Southern Railway Company; and Union Pacific Railroad Company.
This antitrust class action litigation alleges that the railroads engaged in price fixing in violation of the Sherman Act by fixing the levels of rail freight fuel surcharges imposed on rail freight shippers beginning in approximately July of 2003.
The Railroads are alleged to have fixed prices, among other means, through the Association of American Railroads, a trade association based in Washington, D.C.
Name (Stock Symbol)
Burlington Northern Santa Fe Corporation (BNI)
Burlington Northern Santa Fe Corporation, through its subsidiaries, engages in the freight rail transportation business.
CSX Transportation, Inc. (CSX)
CSX Transportation, Inc. operates a railroad.
Kansas City Southern Railway Company, The
The Kansas City Southern Railway Company, a subsidiary of Kansas City Southern, owns and operates a railroad transporation business.
Norfolk Southern Railway Company (NSC)
Norfolk Southern Corporation, through its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods.
Union Pacific Corporation (UNP)
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America.
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