Requires arbitration of certain rail rate, service, and other disputes according to specified procedures.
Prohibits the Surface Transportation Board from issuing a railroad construction and operation certificate authorizing a specified activity, or exempting from certificate requirements an activity involving a railroad line interest transfer by a Class I rail carrier to a Class II or III rail carrier, if the activity directly or indirectly would result in a restriction of: (1) the ability of the Class II or Class III rail carrier to interchange traffic with other carriers; or (2) competition between or among rail carriers in the region affected by the activity in a manner or to an extent that would violate Federal antitrust laws. Prescribes a process for review of any alleged restriction.
Authorizes any person who uses or seeks to use rail service for major train load shipments to or from a facility that has physical access solely to one rail carrier to request, according to a specified procedure, that rail service for such shipments be provided by an existing Class I, Class II, or Class III rail carrier, or a new rail service meeting certain requirements.