| Don't impose more regs on us, railroad say Washington-Imposing additional federal regulations on freight railroads would distroy efforts to put more freight on rail and less on the nation's overburdened highways, warned the associtation of American Railroads in a letter sent to members of the House Small Business Committee. " America already has a great rail freight network" said Edward R. Hamberger, president and C.E.O. of the Association of American Railroads. "We just need more of it,and reregulation won't get us that". Hamberger reminded members of the committe earlier this month that " ninety years of increasingly repressive regulation brought the U.S. frieght rail-road industry to the brink of ruin. "But the staggers Rail Act of 1980 partially deregulated the industry and gave rail roads the opportunity to operate like most other business-- rather then have regulators in Washington tell them what routes to use and what rates to charge" he said. Since Staggers,railroads and their customers have benefited enormously. Railroads have reinvested $420 billion back into their system since 1980. The results has been improved service and safety,and nearly double their traffic volumes-all the while lowering average rates by more than 50 percent in inflation-adjusted terms. That means the average rail shipper can move twice as much freight today for the same price as in 1980, stated a news release from the association. |