P.M. BRIEFING : Antitrust Exemption for Trailer Train
<i> From Times wire service</i> s
WASHINGTON —
The Interstate Commerce Commission approved today a five-year antitrust exemption that allows a company owned by major railroads to continue controlling rail car purchases.
The company, Trailer Train Co. of Chicago, had asked for a 15-year extension over the objections of the Justice Department, the state of Oregon and a major rail car builder. The commission imposed some conditions on the arrangement and the final wording was being worked out, said ICC spokesman Dennis Watson.
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