UP, BNSF not going to be railroaded
Companies rail against Oxbow's antitrust lawsuit that alleges price-fixing.
June 13, 2011 at 08:48 AM
5 minute read
The original version of this story was published on Law.com
Union Pacific Railroad (UP), BNSF Railway Co. and other railroad companies have come under fire from Oxbow Corp. for violating federal antitrust laws through price-fixing and collusion with other train lines.
The lawsuit, filed last Tuesday by the mining and energy giant, asserts that UP, BNSF and the other companies, CSX Corp. Inc. and Norfolk Southern Corp., conspired to establish elevated fuel surcharges and nixed the negotiation of long-term deals with customers.
UP bit back against the claims with vitriolic comments regarding the Oxbow's longstanding threats against the railroad to bring litigation unless it acceded to Oxbow's demands for commercial concessions. Not only did UP “vigorously” deny the allegations that it violated antitrust laws or fix prices, but said in a statement that many of Oxbow's assertions about UP's fuel surcharge practices paraphrase previous litigation against UP.
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