Rail News
3 years ago
Railroads Brace as Regulator Signals Willingness to Take On Industry
The Wall Street Journal
Sept. 2, 2021 (US)
The STB has lately made clear its willingness to upset railroad industry players as it pushes to broaden competition
Biden-appointed Surface Transportation Board chairman says aim is to ensure competition, not just ‘maximizing profits for railroads’
The obscure federal regulator that threw a wrench into a $30 billion railroad merger this week could have more in store for the nation’s freight railways—with implications for both business and consumers.
Like other federal agencies, the five-member Surface Transportation Board has been tasked by President Biden to root out what it considers to be corporate monopolies that hurt smaller companies and consumers.
Source
https://www.wsj.com/articles/railroads-brace-as-regulator-signals-willingness-to-take-on-industry-11630584002
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