Shippers Accuse Railroads of Price-Fixing

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Co-host Renee Montagne reports on a group of shippers who have charged the railroad companies with fixing prices.


As Wick Moorman mentioned, railroads have been raising their rates, which is helping their earnings, but now they're facing a class action complaint from a group of their shippers who say the railroads are fixing prices. The big agricultural processor Archer Daniels Midland also accuses railroads of colluding to inflate fuel surcharges.

We'll continue our conversations tomorrow on old-line industries. We'll talk to executive Steve Miller, who's made his career in autos and steel.

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