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The post Daily Infographic: US Freight Railroads are the Best Rail Network Since the Staggers Act of 1980 appeared first on FreightWaves.
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or liquidation.
As reported in Part 1 of this article, the Illinois Central Railroad (IC) is among the most notable of the railroads that are now considered fallen flags. The IC’s slogan, “The Main Line of...
President Joe Biden’s election signaled a stark change in policies and priorities from those of the Trump administration — not uncommon when the White House flips political parties — highlighted by a flurry of executive orders that started just hours after Biden was inaugurated.
Included in those changes are a host of regulations that could also be reversed or altered (or already have been). Below are 10, in no specific order, that have the biggest ramifications for freight.
On Oct. 14, 1980, President Jimmy Carter affixed pen to paper and put nearly a century of U.S. railroad history permanently out to pasture.
The Staggers Rail Act, named for its sponsor, Rep. Harley O. Staggers, a West Virginia Democrat, ended much of the 93 years of federal railroad regulation. The act drastically diminished the influence of the Interstate Commerce Commission (ICC), which had been established in 1887 to oversee the railroads and curb their abuse of market power. It sent a...
https://www.freightwaves.com/news/the-staggers-act-settles-a-bit-uneasily-onto-cusp-of-middle-age