By: B. Kelly Eakin, A. Thomas Bozzo, Mark E. Meitzen, and Philip E. Schoech | Christensen Associates
On October 14, 1980, President Jimmy Carter signed the Staggers Act into law. In his accompanying Statement of Signing, President Carter wrote: By stripping away needless and costly regulation in favor of marketplace forces wherever possible, this act will help assure a strong and healthy future for our Nation’s railroads and the men and women who work for them. It will benefit shippers throughout the country by encouraging railroads to improve their equipment and better tailor their service to shipper needs. America’s consumers will benefit, for rather than face the prospect of continuing deterioration of rail freight service, consumers can be assured of improved railroads delivering their goods with dispatch.