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Eliasson to STB: Railroads are healthy; let’s keep them that way
Railroads that are revenue adequate and earn their cost of capital should not be punished by capping their shipping rates, which would discourage the substantial and mostly private investment in…
AAR to STB: Rail revenue caps a terrible idea
Testifying at a July 22, 2015 Surface Transportation Board hearing on railroad revenue adequacy, the Association of American Railroads, executives from its member railroads and economic experts urged federal regulators…
New rail study: “Policy must tolerate market power”
For more than three decades, railroad regulators have used the same method to determine which shippers are captive; and, if so, to determine a remedy to limit railroad market power…
Shippers hoist by own petard at House hearing
Poor Mr. Dooley—Calvin, that is, president of the American Chemistry Council and not the fictional Mr. Dooley created during the late 19th century by humorist Finley Peter Dunne. The latter…
Railroads free, leave us be!
Freedom from excessive regulation helped transform the freight railroads into the most cost effective of all transportation modes. There’s no reason to change that.
Stifling regulation: A few history lessons
Over the years I have been led to believe that there are only two places where one can find a complete set of Railway Age and all its antecedent publications and…
Shipper hypocrisy mocks regulatory history
A recurring and intractable thread tying together railroad history is that when the choice has been between economic liberty and government intrusion, selecting the latter has repetitively discouraged capital investment,…
Keep railroads FREE to keep the economy moving
Congress, collectively, has “forgotten” the dark days of rail regulation and its own move to address it. That’s a threat to rail’s long-term viability.
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