I'll comment on the intermodal side, which is where I'm qualified to comment. Typically, the customer of the railroad on the container intermodal business, similar to us as a terminal operator, is largely the shipping line offering a through service from Asia to Toronto and Montreal, for example. The consolidation of shipping lines in recent times has led to significant buying power from our customer base. So their contracting capability between railroads is quite significant.
What I fear from this approach is that when arbitration is an available option, it would cause a more hard-line negotiating position to be taken earlier in the process rather than reaching a commercial agreement. This is an industry that is used to long-term contracting. It is an industry that is used to multi-year, multi-port contracting and very significant multi-million dollar contracts as a whole. What I fear, with the ability to have arbitration as a backstop, is that it would create a harder line—