Railroad Regulation: Changes in Freight Railroad Rates from 1997 through 2000

Abstract

Railroads are the primary mode of transportation for many products, especially for such bulk commodities as coal and grain. Yet by the 197Os, American freight railroads were in a serious financial decline. Congress responded by passing the Railroad Revitalization and Regulatory Reform Act of 1976 and the Staggers Rail Act of 1980. These acts reduced rail regulation and encouraged greater reliance on competition to set rates. Railroads have also continued to consolidate (through such actions as mergers, purchases, changes in control, and acquisitions) to reduce costs, increase efficiencies, and improve their financial health.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2002
Accession Number
ADA403358

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  • United States Government Accountability Office

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