News / N American Class I rail carriers slammed for profiteering from congestion crisis

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The large North American railways cannot shake off accusations of profiteering from supply chain congestion.

Like ocean carriers, they have allegedly raised and imposed demurrage fees to boost profits.

A new report issued by Accountable.USAccountable.US, a watchdog described as “liberal”, concludes that Class I rail companies raised fees last year while actually seeing costs reduce.

The authors found the railroads collected $1.18bn in fees for freight stuck in bottlenecks during the first nine months of last year, regardless of significantly increased income.

According to ...