Global container shipping is controlled by three major alliances, which are combinations of companies, so there are about nine major companies that form three alliances, controlling 80% to 90% of the market. Facing the situation we have in Canada regarding our legislation and seeing how other countries are approaching it, our recommendation at this point would be to repeal the Shipping Conferences Exemption Act, which is the current legislation that's out of date and was meant to exempt shipping lines from the Competition Act. We would advocate that the shipping lines be placed under the Competition Act and the Competition Bureau, which would automatically create a different dynamic for them.
We would also say that the U.S. has taken a stance that is similar to how we would handle the railways in Canada. You look at the tremendous market power and you have a regulatory solution to that where you have an agency—our agency, particularly—able to investigate specific instances of service failure. It's a twin approach. You would look at building something like that into the Canada Transportation Act, which is much more focused on regulatory solutions to market power, and removing the exemptions to the Competition Act for shipping lines.