摘要: |
THE FREIGHT RAILROAD AND OCEAN SHIPPING sectors are both very much in the crosshairs of an executive order (EO) recently issued by the White House, which is focused on promoting competition within the American economy.A main driver for this EO is that in more than 75% of U.S.-based industries, a smaller number of large companies now control more of the business than they did 20 years ago, adding that a lack of competition has increased consumer prices and also driven down wages for workers.For the freight railroad sector, the EO is encouraging the Surface Transportation Board (STB), an independent adjudicatory and economic-regulatory agency charged by Congress with resolving railroad rate and service disputes and reviewing proposed railroad mergers, to require railroad track owners to provide rights of way to passenger rail and to also "strengthen their obligations to treat other freight companies fairly."The EO added that going back to 1980, there were 33 Class I railroads, whereas now there are seven, with four major rail companies that it said now dominate their respective geographic regions. "Freight railroads that own the tracks can privilege their own freight traffic-making it harder for passengers to have on-time services-and can overcharge other companies' freight cars," it said. |