A PYMNTS Company

US: Suit claiming monopolization of western rail transport dismissed

By  |  February 27, 2013

A minerals company’s case against two railway entities has been dismissed by a federal judge who ruled claims of monopolistic behavior were not adequately shown. Oxbow Carbon & Minerals LLC brought a price-fixing suit against both Union Pacific Railroad Co. as well as Burlington Northern Santa Fe railway, the latter owned by Warren Buffet. Oxbow argued the two colluded to fix prices and monopolize the railways for the transport of coal and petroleum coke in the western US, according to reports. US District Judge Paul Friedman in Washington dismissed the case, however, ruling that the suit “lacks factual allegations” concerning the alleged collusion.

 

Full Content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.