Rail Firms Slam Canada Regulatory Move
Canada’s two largest railroads warned that the federal government’s plans to increase its regulation of rail-shipping relationships beyond the scope of commercial agreements will hurt the industry and make it less competitive, reported Dow Jones Newswires.
At an event in Winnipeg, the Canadian government, in pre-election-campaign mode, said that it intends to implement the recommendations of a two-year study into the country’s rail freight supply chain that will give shippers more clout in ensuring consistent performance from rail operators.
The study, which focused on railway performance, involved consultations with 85 different stakeholders, including shippers, terminal operators, ports and vessel operators. An independent panel, chaired by Walter Paszkowski, released its interim report in October and submitted its final report to the government in late December. Read more here.
Date: March 21, 2011