In February 2011, Mr Ajay Mittal, Chairman and Managing Director of Arshiya International Limited, had to decide a way forward for his rail container business following Ministry of Railways new circular on haulage. This circular, which levied commodity specific haulage in domestic segment, along with other conditions on siding usage had affected his existing business adversely and created uncertainty for some of the ongoing deals. The absence of an independent regulator had increased the business risks for him. The case discusses the challenges and risks to ARIL.