Download or read book Modernizing Freight Rail Regulation written by and published by . This book was released on 2015-08-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "TRB Special Report 318: Modernizing Freight Rail Regulation examines the future role of the Surface Transportation Board (STB) in overseeing and regulating the service levels and rate offerings of railroads. This congressionally-requested report recommends approaches to resynchronize a regulatory program that has become outdated. The U.S. freight railroad industry has modernized and has become financially stable since the Staggers Rail Act of 1980, but the study committee finds that some of the industry's economic regulations have not kept pace and should be replaced with practices suited to today's freight rail system. The study committee finds that more appropriate, reliable, and usable procedures are needed for resolving rate disputes. The committee recommends that Congress should prepare to repeal the formula for eligibility for rate relief and should direct the U.S. Department of Transportation to develop a screening tool that compares disputed rates with rates charged in competitive rail markets. Current methods make artificial and arbitrary estimates of the cost of rail shipping. Adjudication can cost millions of dollars, and some cases have taken years to resolve, deterring shippers with smaller claims. Simplified methods that are economically valid and practical have yet to be introduced. The study committee recommends that STB replace hearings on the reasonableness of rates with arbitration hearings that compel faster, more economical resolutions. Merger reviews should be transferred to antitrust agencies, according to the committee, which also recommends that STB collect and analyze shipment-level data on service quality in overseeing the railroads' response to common carrier service obligations."
Download or read book Freight railroad regulation Surface Transportation Board s oversight could benefit from evidence better identifying how mergers affect rates written by and published by DIANE Publishing. This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Foundations for 21st Century Freight Rail Rate Regulation written by John W. Mayo and published by . This book was released on 2019 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Staggers Rail Act of 1980 made a substantial break from an almost century-old policy of pervasively regulating the prices for freight rail services provided in the United States. In particular, rather than regulators establishing prices, Staggers permits shippers and railroads to voluntarily negotiate rates, terms and conditions, with regulation providing a fallback if negotiation fails or is too onerous for what is at stake on the shipment. While largely deregulating the rate-setting process, the statute requires that rates be “reasonable” in the event of a complaint filed by a shipper and where a railroad is found to be market dominant - a requirement that necessitates that regulators determine a method for assessing whether a given rate or set of rates is, in fact, reasonable. In the wake of the passage of Staggers, the Interstate Commerce Commission (ICC) [now the Surface Transportation Board (STB)] established the method for determining whether a rate is “reasonable,” in which case the rate is allowed to stand; or whether the rate is unreasonable and must be reduced. The system, known as Constrained Market Pricing (CMP), was established largely on a bedrock of economic theory and has been in place now for almost thirty-five years. Yet, absent a refresher, the passage of time creates the prospect that the economic foundations of CMP will fade. The purpose of this paper is to provide that refresher. Along the way we seek to re-establish the fundamental economic appeal of CMP, reflect on criticisms and alternatives that have been proffered, and offer refinements for rail regulation moving forward.
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:
Download or read book U S Freight Rail Economics and Policy written by Jeffrey T. Macher and published by Routledge. This book was released on 2019-04-25 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics.
Download or read book Fast forward written by Richard John Hillestad and published by Rand Corporation. This book was released on 2009 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: "On January 29, 2009, the RAND Corporation hosted a panel discussion with three former U.S. Secretaries of Transportation [William T. Coleman, Jr., James H. Burnley IV, and Rodney Slater]. This wide-ranging discussion, held the week after President Barack Obama's inauguration and during the congressional debate over the stimulus package (eventually passed as the American Recovery and Reinvestment Act of 2009), allowed the former secretaries to share their insights into transportation policymaking"--Preface
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:
Download or read book Railroads Freight and Public Policy written by Theodore E. Keeler and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines railroad regulation and public policy regarding the freight industry.
Download or read book Against the Stand Alone Cost Test in U S Freight Rail Regulation written by Russell W. Pittman and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stand-alone-cost test has become an expensive, extensive, and time-consuming part of the regulatory practice of the U.S. Surface Transportation Board in the performance of its statutory duty to protect "captive shippers" from monopoly rail rates. Worse, a close examination of the history of its adoption and application suggests only a very tenuous connection with its claimed intellectual foundations, the classic works of Faulhaber (1975) and Baumol, Panzar, and Willig (1982). It is time to retire this tool and replace it with something simpler and more effective and transparent.
Download or read book Freight Railroad Regulation written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-02-07 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO-01-689 Freight Railroad Regulation: Surface Transportation Board's Oversight Could Benefit From Evidence Better Identifying How Mergers Affect Rates
Download or read book Handbook on Railway Regulation written by Matthias Finger and published by Edward Elgar Publishing. This book was released on 2020-09-25 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a global approach, this insightful Handbook brings together leading researchers to provide a comprehensive overview of the state-of-the-art in railway regulation with a particular focus on countries that rely heavily on railways for transportation links. The Handbook also considers the most pressing issues for those working in and with railway systems, and outlines future trends in the development of rail globally.
Download or read book The Need for Modernized Transportation Regulation written by and published by . This book was released on 1952 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Railroad Regulation written by United States. General Accounting Office and published by . This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Freight Rail Economics and Policy written by Jeffrey Macher and published by Routledge. This book was released on 2019-04-25 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics.
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:
Download or read book Regulatory Reform of Railways in Russia written by European Conference of Ministers of Transport and published by OECD Publishing. This book was released on 2004-05-11 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report, some of the world's leading experts in rail regulation examine the restructuring of the sector, focusing on tariff reform and the introduction of competition in one of the world's largest rail networks.
Download or read book Freight Railroad Regulation written by and published by . This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
