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Article: Study says railroad fuel surcharges exceeded $6.5 billion.
- Article from:
- Logistics Management (Highlands Ranch, CO)
- Article date:
- October 1, 2007
CopyrightCOPYRIGHT 2007 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jeff Berman, Senior Editor
The staggering sum leaves many shippers with no other option but to try and get their money back, analysts say.
WASHINGTON-An economic analysis on railroad fuel surcharge practices commissioned by the American Chemistry Council (ACC) released last month revealed that five Class I railroad carriers-Union Pacific, Burlington Northern Santa Fe, Norfolk Southern, Kansas City Southern, and CSX-overcharged rail shippers by more than $6.5 billion. The study said that these charges occurred between 2005 and the first quarter of this year, and its findings were based on regulatory filings and other estimates from the railroads in ...