Following this week's decision by the Surface Transportation Board to eliminate anti-trust immunity for collectively setting motor carrier rates, one company in the business of providing information and technology to manage pricing said it was confident about the future.
"The STB decision to eliminate collective ratemaking has far-reaching implications for transportation industry pricing," said Danny Slaton, senior vice president, business development at SMC , a former rate bureau which expanded to provide more specialized support for shippers and carriers. "We are confident that SMC is positioned to assist its customers in adjusting to these and other business changes as they occur," he said.
The STB singled out one of SMC 's products, the widely used CzarLite rate guide, as an example of services rate bureaus can offer.
"There could be some change in the way we put together CzarLite but we will continue to manage that product," said Slaton.
SMC will evaluate the decision. Slaton said he was open to both challenges and opportunities presented by the ruling. Without offering specific comment on the 120-day implementation schedule, he said that was one issue that SMC would address with the STB.