Steep fuel surcharges by railroads are banned
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From the Associated Press
Federal regulators banned excessive fuel surcharges by railroads and imposed strict rules on the fees that many companies this week credited with bolstering their quarterly earnings, although the savings were unlikely to trickle down to consumers.
In its decision, the Surface Transportation Board said the railroads must link the surcharges directly with the actual fuel costs for specific rail shipments.
The ruling prohibits fuel costs from being calculated into certain price hikes if the shipments already have other fuel surcharges.
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