Additional federal regulation on railroads would destroy efforts to put more freight on rail and less on the nation’s overburdened highways. Since partial deregulation in 1980, railroads have reinvested $420 billion back into their systems, improved service and safety, and the average rail shipper can move twice as much freight today for the same price as in 1980.
MORE...The nation’s freight railroads have asked the Surface Transportation Board to adjust the way it measures railroads’ revenue adequacy, making the metrics conform to modern day financial practice and consistent with the standards recently adopted by the board for rate case analysis.
MORE...The legislation passed by the House Judiciary Committee April 30 will severely hamper the ability of the nation’s railroad industry to expand, and to deliver the goods and products our economy depends on and will force more freight off the railroad and onto the highway, dramatically increasing pollution and traffic congestion.
MORE...The Transportation Communication Internation Union has issued a letter "strongly" opposing the Railroad Antitrust Enforcement Act of 2007 (H.R. 1650) saying the measure would cause "dual and possibly conflicting oversight of the railroads" by the STB and the courts.
MORE...An article in the Liberty (Tex.) Vindicator illustrates the explosive growth in rail service in the area, noting that it's good news for everyone.
MORE...The Journal of Commerce's Larry Kaufman writes that re-regulation is a recipe for disaster saying, "If railroads are forced to set rates based on artificial competition, their return on investment effectively will be capped."
MORE...California Senator Barbara Boxer Receives Annual Congressional Chafee Award For Her Dedication To The Environment
MORE...The Washington Post wrote that railroads are enjoying an unprecendente boom as global economics and high fuel prices help boost the industry's performance.
MORE...The safety and security of the communities we serve is our greatest priority. We welcome the new rules on the routing of the most toxic chemicals.
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