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Book Synopsis Freight Railroads: Industry Health Has Improved, but Concerns about Competition & Capacity Should be Addressed by :
Download or read book Freight Railroads: Industry Health Has Improved, but Concerns about Competition & Capacity Should be Addressed written by and published by DIANE Publishing. This book was released on with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
The Staggers Rail Act deregulated the freight rail industry, relying on competition to set rates, and allowed for differential pricing (charging higher rates to those more dependent on rail). The act gave the Surface Transportation Board (STB) authority to develop remedies for shippers"captive" to one railroad and set a threshold for shippers to apply for rate relief. GAO was asked to review (1) changes in the railroad industry since the Staggers Rail Act, including rates and competition; (2) STB actions to address competition and captivity concerns and alternatives that could be considered; and (3) freight demand and capacity projections and potential federal policy responses. GAO examined STB data, conducted interviews, and held an expert panel.
Book Synopsis Freight Railroads by : United States Government Accountability Office
Download or read book Freight Railroads written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-13 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Staggers Rail Act deregulated the freight rail industry, relying on competition to set rates, and allowed for differential pricing (charging higher rates to those more dependent on rail). The act gave the Surface Transportation Board (STB) authority to develop remedies for shippers"captive" to one railroad and set a threshold for shippers to apply for rate relief. GAO was asked to review (1) changes in the railroad industry since the Staggers Rail Act, including rates and competition; (2) STB actions to address competition and captivity concerns and alternatives that could be considered; and (3) freight demand and capacity projections and potential federal policy responses. GAO examined STB data, conducted interviews, and held an expert panel.
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Book Synopsis Freight Railroads by : U S Government Accountability Office (G
Download or read book Freight Railroads written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Book Synopsis Freight Railroads by : United States. Government Accountability Office
Download or read book Freight Railroads written by United States. Government Accountability Office and published by . This book was released on 2006 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Over 25 years ago, Congress transformed federal freight rail transportation policy. At that time, after almost 100 years of economic regulation, the railroad industry was in serious economic decline, with rising costs, losses, and bankruptcies. In response, Congress passed the Railroad Revitalization and Regulatory Reform Act of 1976 and the Staggers Rail Act of 1980. Together, these pieces of legislation substantially deregulated the railroad industry. Since the passage of the Staggers Rail Act in 1980, we have issued several reports on the freight railroad industry. In October 2006, we issued our most recent report on the freight rail industry. The objectives of this report were to determine (1) the changes that have occurred in the freight railroad industry since the enactment of the Staggers Rail Act, including changes in rail rates and competition in the industry; (2) the actions STB has taken to address concerns about competition and captivity and any alternative approaches that could be considered to address remaining concerns; and (3) the projections for freight traffic demand over the next 15 to 25 years, the freight railroad industry's ability to meet that demand, and potential federal policy responses. Among other things, this report describes the significant changes that have taken place in the railroad industry and reports that from 1985 through 2004, rates generally decreased, but nominal grain rates increased 9 percent. We also found that, on some routes, the amount of grain traveling at rates significantly above the threshold for rate relief had increased since 1985.
Book Synopsis Freight Railroads by : U. S. Government Accountability Office (
Download or read book Freight Railroads written by U. S. Government Accountability Office ( and published by BiblioGov. This book was released on 2013-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 25 years ago, Congress transformed federal freight rail transportation policy. At that time, after almost 100 years of economic regulation, the railroad industry was in serious economic decline, with rising costs, losses, and bankruptcies. In response, Congress passed the Railroad Revitalization and Regulatory Reform Act of 1976 and the Staggers Rail Act of 1980. Together, these pieces of legislation substantially deregulated the railroad industry. Since the passage of the Staggers Rail Act in 1980, we have issued several reports on the freight railroad industry. In October 2006, we issued our most recent report on the freight rail industry. The objectives of this report were to determine (1) the changes that have occurred in the freight railroad industry since the enactment of the Staggers Rail Act, including changes in rail rates and competition in the industry; (2) the actions STB has taken to address concerns about competition and captivity and any alternative approaches that could be considered to address remaining concerns; and (3) the projections for freight traffic demand over the next 15 to 25 years, the freight railroad industry's ability to meet that demand, and potential federal policy responses. Among other things, this report describes the significant changes that have taken place in the railroad industry and reports that from 1985 through 2004, rates generally decreased, but nominal grain rates increased 9 percent. We also found that, on some routes, the amount of grain traveling at rates significantly above the threshold for rate relief had increased since 1985.
Book Synopsis Freight Railroads: Updated Information on Rates and Competition Issues by : JayEtta Z. Hecker
Download or read book Freight Railroads: Updated Information on Rates and Competition Issues written by JayEtta Z. Hecker and published by DIANE Publishing. This book was released on 2007 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Freight Rail Transportation by : Elizabeth Pinkston
Download or read book Freight Rail Transportation written by Elizabeth Pinkston and published by . This book was released on 2006 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine
Book Synopsis Economics, Service, and Capacity in the Freight Railroad Industry by : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine
Download or read book Economics, Service, and Capacity in the Freight Railroad Industry written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation and Merchant Marine and published by . This book was released on 2012 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Freight Railroads: Updated Information on rates and Other Industry Trends by :
Download or read book Freight Railroads: Updated Information on rates and Other Industry Trends written by and published by DIANE Publishing. This book was released on with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
In response to concerns about the lack of competition and the resulting high rail rates, the Biden administration has proposed mandating reciprocal switching, which provides shippers access to competing railroads. The administration also has advocated for final offer rate review as an affordable way for small shippers to challenge rates they perceive to be too high. This paper explores these and related proposals for improving the way the Surface Transportation Board protects shippers from being charged unreasonable freight rates.For railroads to have the capacity to compete with other transportation modes, particularly trucking, and have the incentives to invest and provide a cost effective and environmentally friendly alternative to shipping goods, they must earn adequate profits. Therefore, it is important that regulatory reform continue the light touch of existing rate regulation. Mandated reciprocal switching could raise costs and create uncertainty that might reduce railroad profitability, which discourages investment. However, other changes to regulatory policy, such as final offer arbitration or final offer rate review for a trial period, would likely have little adverse effect on railroad profitability while giving more protection to small shippers from excessive rates than the current rate regulation.
Book Synopsis The Case for Continued Light-Touch Regulation of Freight Railroads by : Tracy Miller
Download or read book The Case for Continued Light-Touch Regulation of Freight Railroads written by Tracy Miller and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to concerns about the lack of competition and the resulting high rail rates, the Biden administration has proposed mandating reciprocal switching, which provides shippers access to competing railroads. The administration also has advocated for final offer rate review as an affordable way for small shippers to challenge rates they perceive to be too high. This paper explores these and related proposals for improving the way the Surface Transportation Board protects shippers from being charged unreasonable freight rates.For railroads to have the capacity to compete with other transportation modes, particularly trucking, and have the incentives to invest and provide a cost effective and environmentally friendly alternative to shipping goods, they must earn adequate profits. Therefore, it is important that regulatory reform continue the light touch of existing rate regulation. Mandated reciprocal switching could raise costs and create uncertainty that might reduce railroad profitability, which discourages investment. However, other changes to regulatory policy, such as final offer arbitration or final offer rate review for a trial period, would likely have little adverse effect on railroad profitability while giving more protection to small shippers from excessive rates than the current rate regulation.
