(The following appeared on The Journal of Commerce website on May 16, 2011.)
WASHINGTON, D.C. — The U.S. Supreme Court rejected BNSF Railway’s attempt to overturn a 2009 regulatory case decision that the railroad charged unreasonable rates on some coal shipments.
The original decision forced the railroad to pay reparations to shippers and set lower rates into the future. The STB said combined refunds and rate reductions it was ordering BNSF to make would be worth an estimated $345 million through 2024, and BNSF reportedly paid out $120 million in 2009.
Full story: www.joc.com