Over the last decade, Class I railroads have consolidated and,
particularly in the past two years, have achieved high
profitability. The present, mostly deregulated railway regime was
designed during a period when railways were in financial peril.
Some Members of Congress believe that the present, mostly
deregulated regime needs to be revised to provide more balance for
the interests of those rail customers who are served by only one
railroad. A major point of contention is whether current railroad
industry practices should be changed to provide these customers
(referred to as "captive shippers") with more routing options. This
book provides background on the current railroad regulatory regime
and examines the major points of contention between railroads and
their "captive customers."
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