The grain industry is fundamentally different from most other shippers in that the people who produce the product and ship the product are different. The MRE recognizes that and ensures that the producers of grain, the farmers, actually pay the freight. The MRE was put in place because it's a fundamentally different type of supply chain. In any consideration of the MRE, it's important for us to look at it from an evidence-based position in terms of how that would affect the supply chain, purely for protection reasons, as far as freight rates go, because the railways do have incredible market power. It's an important way to keep rates reasonable.
On September 29th, 2016. See this statement in context.