Buffett’s BNSF, Union Pacific Sued by Oxbow Over Pricing
This article is for subscribers only.
Warren Buffett’s Burlington Northern Santa Fe Railroad Co. and Union Pacific Railroad Co. were sued by Oxbow Carbon & Minerals LLC over claims they conspired to drive up costs for shipping coal and other products.
Oxbow, which mines and markets coal and natural gas, said the railroads have since at least 2003 conspired and colluded with other rail companies to fend off competition for freight services, increasing transportation costs that are ultimately passed on to businesses and consumers, according to the price-fixing complaint filed today in federal court in Washington.