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4/29/2009



Rail News: Rail Industry Trends

BNSF's Miller joins U.S. Commodity Futures Trading Commission subcommittee 


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A BNSF Railway Co. executive recently was selected by the U.S. Commodity Futures Trading Commission (CFTC) to serve on the Subcommittee on Convergence in Agricultural Commodity Markets.

BNSF Assistant Vice President of Agricultural Products Marketing John Miller will serve on the new CFTC subcommittee. Its aim: to identify the causes of poor cash-futures convergence in select agricultural commodity markets and advise on actions to remedy the situation.

“Rail transportation plays such an important role in the overall agricultural market by providing safe, cost-effective service to allow U.S. agricultural products to be competitive in domestic and international markets,” Miller said in a prepared statement

The subcommittee will present a report with its findings and recommendations to the Agricultural Advisory Committee, which then will make its own recommendations to the CFTC.


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