In a new Wall Street Journal op-ed, AAR CEO Ian Jefferies reflects on how Staggers helped transform freight rail over the past 40 years and highlights the lessons this bipartisan legislation offers current and prospective policymakers today.
“Targeted deregulation recognized that railroads operate in competitive markets and should price their services according to market demand and operate over their most efficient routes,” Jefferies says. “U.S. freight railroads play an integral role in the economy today because Democrats and Republicans collaborated to balance market forces and rate regulation. Polling by Real Clear Politics found that most Americans support markets and targeted regulation. The Staggers Act is an example of deregulation done right.”