Rockefeller to introduce antitrust regulation against rails

West Virginia Senator Jay Rockefeller is poised to introduce the first major railroad industry regulations in nearly three decades. Transportation trade publication The Journal of Commerce reports that the long-serving Democrat, who chairs the Senate, Commerce, Science, and Transportation Committee, may present a bill within days.

This could be bad news for the rail giants like Union-Pacific (UNP) and Burlington Northern (BNI), which are only just beginning to recover from the nation's deeprecession.