SOURCE: National Association of Chemical Distributors

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May 13, 2015 14:07 ET

NACD Welcomes House Hearing on Rail Reform

ARLINGTON, VA--(Marketwired - May 13, 2015) - Today, the National Association of Chemical Distributors President Eric R. Byer made the following statement about the U.S. House of Representatives Committee on Transportation and Infrastructure Subcommittee on Railroads, Pipelines, and Hazardous Materials' hearing titled "The 35th Anniversary of the Staggers Rail Act: Railroad Deregulation Past, Present, and Future."

"NACD thanks Chairman Shuster, Ranking Member DeFazio, Subcommittee Chairman Denham, and Ranking Member Capuano for holding this important hearing. Modest rail reform is an issue vital to the chemical distribution industry, as nearly 40% of chemical distribution businesses rely on freight rail to receive their products.

"The rail industry has changed dramatically since the Staggers Rail Act of 1980. Drastic consolidation and decreased access to competitive rail service has led to soaring rates. The lack of freight rail competition has been costly to American businesses and NACD members that rely on safe, reliable and affordable rail service.

"With the dramatic changes in the rail sector, now is the time to re-evaluate and modernize our rail policy framework to meet present and future needs. We strongly believe that modest reforms to our outdated rail policies today will lead to less government intervention later."

NACD and its nearly 440 member companies are vital to the chemical supply chain providing products to over 750,000 end users. NACD members are leaders in health, safety, security, and environmental performance through implementation of Responsible Distribution, established in 1991 as a condition of membership and a third-party verified management practice. For more information, visit www.NACD.com.

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