Wexler Boley & Elgersma is investigating claims that four of the country’s biggest railway companies conspired to illegally boost profits through a price-fixing scheme.
Union Pacific Railroad Company, BNSF Railway Company, Norfolk Southern Railway Company, and CSX Transportation are the nation’s four biggest railway companies, controlling roughly 90% of rail freight traffic in the United States combined. Plaintiffs allege that, beginning in 2003, these companies conspired to increase profits by imposing rate-based fuel surcharges, which resulted in rate increases on rail freight shipments. These surcharges allowed the railway companies to charge a percentage increase on the total cost of the freight transport — regardless of the actual cost of fuel for that transport job – resulting in the collection of billions of dollars in revenues in excess of the actual increase in fuel cost.
Wexler Boley & Elgersma is currently investigating the claims of those who transported their products via the foregoing railway companies from July 1, 2003 to the present. If you believe were affected by the price-fixing scheme and are interested in pursuing a claim for damages, contact our firm for more information.