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Barge firms oppose CSX takeover in rail barge clash
CSX Corp seeks to buy American Commercial Barge Lines amid claims the deal would boost rail barge coordination and cut costs for shippers. Independents warn the monopoly rail operator could restrict cargoes to its own barge line, raising prices and squeezing rivals. The case heads to the 6th U.S. Circuit Court of Appeals with a potential March 1985 hearing.
MENTIONED IN THIS ARTICLE
Cincinnati
CSX Corp
Richmond
American Commercial Barge Lines Co
CSXK
CSX
Tom Hoppin
Ohio River Valley
Richard A. Zellner
6Th Circuit Court of Appeals
Jeffersonville
Ind
Lawrence E. Scholl
Mudland Enterprises
Schell
Natural Resources and Transportation Company
South
Midwest
American
Ohio
Miinois
Mississippi
Tennessee
Cumberland, Warrior
Alabama
Gulf Intercoastal
Florida
Texas