Ag shippers look to Biden order for cheaper rail rates

Jul 29, 2021 at 08:46 AM CST
President Joe Biden is pushing new rail regulations that lower rates for ag shippers, but major railroad companies say the rules designed to spur competition would increase their costs and ultimately backfire on customers. Earlier this month, Biden signed an executive order asking the Surface Transportation Board to consider finalizing a proposed rule, originally issued in 2016, that would require the largest Class I railroads to participate in the practice known as competitive switching.

Jul 29, 2021 at 08:46 AM CST

President Joe Biden is pushing new rail regulations that lower rates for ag shippers, but major railroad companies say the rules designed to spur competition would increase their costs and ultimately backfire on customers. Earlier this month, Biden signed an executive order asking the Surface Transportation Board to consider finalizing a proposed rule, originally issued in 2016, that would require the largest Class I railroads to participate in the practice known as competitive switching.