A bill to amend section 409 of part IV of the Interstate Commerce Act, as amended, to authorize contracts between freight forwarders and railroads.

Permits, under the Interstate Commerce Act, contracts between freight forwarders and railroads.

Requires that such contracts be just, fair and equitable, non-prejudicial to participants or any other freight forwarder, and consistent with the National Transportation Policy.

Retains the 450-mile limiation in connection with line-haul transportation by motor common carriers.

Exempts such contracts from the antitrust laws. Requires that the contracts be made pursuant to procedures filed with and approved by the Interstate Commerce Commission. Permits all rail carriers can participate in such contracts.