Copertina

Railroad Retirement: 'Don't Tread on Me!'

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Pubblicato in:Railway Age vol. 226, no. 6 (Jun 2025), p. 10
Autore principale: Wilner, Frank N
Pubblicazione:
Simmons-Boardman Publishing Corporation
Soggetti:
Surface Transportation Board Interstate Commerce Commission > ICC Congress-US
Freight
Customers
Railroads
Insolvency
Capital
Economic policy
Interstate commerce
Railroad transportation
Transportation regulation
Freight forwarding
Student transportation
Economic
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Abstract:Students of freight railroading are conversant with how Congress and the Surface Transportation Board's predecessor Interstate Commerce Commission imposed on the industry such rigid economic regulation that railroads became starved of investment capital, were forced to defer normalized maintenance and failed to meet customer wants. Just in time, Congress recognized how and why the railroad industry was on the cusp of chaotic market failure and took bolt cutters--the 1980 Staggers Rail Act--to the regulatory chains. Private-sector freight railroading was thus rescued from the clutches of insolvency with renewed ability to serve customers.
ISSN:0033-8826
2161-511X
0097-6679
0096-2317
0149-4406
Fonte:ABI/INFORM Global